ICICI Bank Divests 18.8% Stake in NIIT-IFBI to NIIT Ltd for ₹61.1 Million
By Shishta Dutta | Updated at: Jun 13, 2025 11:26 AM IST
Mumbai, June 12, 2025: ICICI Bank Ltd (NSE: ICICIBANK) has formally completed the sale of its entire 18.8% equity stake in NIIT Institute of Finance Banking and Insurance Training Ltd (NIIT-IFBI) to NIIT Ltd for a consideration of ₹61.1 million.
The stake sale by ICICI Bank is targeted towards strategic streamlining of ICICI Bank’s non-core investments. Through the stake sale in NIIT-IFBI, the bank is likely aiming to consolidate its focus on core banking and financial services operations. The ICICI Bank Board initially approved the decision to divest on April 19, 2025.
The transaction was finalised today, Thursday, June 12, 2025, following the execution of a share purchase agreement at 10:06 a.m. This disclosure was made public in accordance with regulatory requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR), Regulation 30, read with Part A of Schedule III, Paragraph A.
This strategic move makes NIIT-IFBI a wholly owned subsidiary of NIIT Ltd, consolidating NIIT’s position in the Banking, Financial Services, and Insurance (BFSI) sector.
Transaction Details
| Particulars | Details |
|---|---|
| Entity Sold | NIIT-IFBI (Associate) |
| Stake Divested | 18.8% |
| Buyer | NIIT Limited |
| Consideration Value | ₹61.1 million |
| Date of Agreement Execution | June 11, 2025 at 10:06 AM |
| Regulation Invoked | SEBI (LODR) Reg 30 |
| Status Post-Transaction | NIIT-IFBI is no longer an associate of ICICI Bank |
How Did The Investors React?
At around 10:40 A.M, on June 12th, the shares of ICICI Bank were trading at ₹1,427.90, down by 0.22%, or ₹3.10. At around the same time, the shares of NIIT Ltd were trading at ₹140.35, up by 0.41% or ₹0.58.
About the Company
ICICI Bank Ltd is one of India’s leading private sector banks, listed on the NSE and BSE, with a diversified portfolio in retail, corporate, and international banking services. The bank is also listed on the New York Stock Exchange (NYSE) and is recognised for its robust digital banking presence and innovation-driven growth.
NIIT-IFBI was an associate of ICICI Bank focused on training in finance, banking, and insurance, areas directly supporting the banking industry’s talent needs. The stake sale returns full ownership to NIIT Ltd.
REF: https://nsearchives.nseindia.com/corporate/ICICIBANK11_11062025205901_NSEBSE_11062025.pdf
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