Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
An update from Icici Bank ( (IBN) ) is now available.
ICICI Bank has announced the approval for the sale of its 19% stake in ICICI Merchant Services Private Limited (IMSPL), an associate company. This transaction, expected to be completed by June 30, 2025, will result in IMSPL no longer being an associate of ICICI Bank. The sale is valued between ₹ 1.60 – 1.90 billion and will be sold to First Data Holdings 1 (Netherlands) BV, a global leader in electronic commerce and payment services. This move aligns with ICICI Bank’s strategic decisions and may impact its financial structure by reducing its stake in IMSPL.
More about Icici Bank
ICICI Bank Limited is a prominent financial institution based in Mumbai, India, primarily engaged in providing banking and financial services. It operates in the banking industry, offering a range of services including retail banking, corporate banking, and treasury operations to a diverse market.
YTD Price Performance: 30.63%
Average Trading Volume: 5,547,928
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $110.5B
Learn more about IBN stock on TipRanks’ Stock Analysis page.
Trending Articles
- Deutsche Bank Pounds the Table on Broadcom Stock
- ‘Get in for 2025 Gains,’ Says Cowen on Amazon Stock
- Top Analyst Sets the Stage for Nike Stock Ahead of Earnings
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
