ICICI Bank Completes Sale of Stake in ICICI Merchant Services
ICICI Bank Limited has completed the sale of its entire 19% stake in ICICI Merchant Services Private Limited to First Data Holding I (Netherlands) B.V. This transaction ends IMSPL's association with ICICI Bank, allowing the bank to focus on its core banking operations. ICICI Bank is a major financial institution in India, providing various banking services. The bank's current market cap is 9611B INR, with a year-to-date price performance of 5.63%.
ICICI Bank Limited ( (IN:ICICIBANK) ) has shared an announcement.
ICICI Bank Limited has completed the sale of its entire 19% shareholding in ICICI Merchant Services Private Limited (IMSPL) to First Data Holding I (Netherlands) B.V. and its nominee, First Data (India) Private Limited. This transaction marks the end of IMSPL’s status as an associate of ICICI Bank, potentially allowing the bank to streamline its operations and focus on its core banking activities.
More about ICICI Bank Limited
ICICI Bank Limited is a prominent financial institution in India, operating in the banking industry. It offers a wide range of financial services including retail banking, corporate banking, and treasury operations, with a significant market focus on both domestic and international markets.
YTD Price Performance: 5.63%
Average Trading Volume: 312,737
Current Market Cap: 9611B INR
See more insights into ICICIBANK stock on TipRanks’ Stock Analysis page.
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