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ICICI Prudential AMC gets RBI nod for 9.95% stake buy in AU Small Finance Bank
Source Economic Times (opens in a new tab)BSE Announcement (opens in a new tab)
The Reserve Bank of India (RBI) has approved a proposal from ICICI Prudential Asset Management Company to acquire 9.95% in Mumbai-based, publicly listed AU Small Finance Bank . The approval permits the asset manager to hold this stake across various schemes, including the ICICI Prudential Mutual Fund, alternative investment funds managed by the firm, and its portfolio management services.
Company website ↗ (opens in a new tab)
In Dec 2014, AU Small Finance Bank had attracted about $ 31 M from Kedaara Capital.For FY25, AU Small Finance Bank had reported about INR 16,064 Cr in Operating Income and about INR 2,106 Cr in PAT.