ICICI Bank has entered into an agreement with the BSE to buy stake in its subsidiary India International Exchange (INX) for nearly Rs 31 crore. Post the proposed investment, ICICI Bank would have a shareholding of up to 9.9% in INX.
ICICI Bank is India’s largest private sector bank by consolidated assets. ICICI Bank’s subsidiaries include India’s leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms.
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