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ICICI Bank Limited has informed the Exchange that the Board of Directors of ICICI Bank Limited (the Bank), at its meeting which concluded today, approved purchase of up to 2.0 percent additional shareholding in its subsidiary, ICICI Prudential Life Insurance Company Limited (ICICI Life). This purchase will primarily be towards maintaining Bank’s majority shareholding in the event of exercise of stock-based compensation of ICICI Life. The above will be subject to receipt of requisite approvals. |SUBJECT: General Updates
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