The Reserve Bank of India has approved ICICI Prudential Asset Management Company to hold up to 9.95% in AU Small Finance Bank. AU Small Finance Bank received the approval letter on September 8, 2026.
This matters because it lets the asset manager raise its stake through different schemes and funds. The reporting does not say whether the purchase has already happened or what the market reaction was.
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Publisher's headline: “ICICIAMC receives RBI approval to pick up to 9.95% stake in AU Small Finance Bank”
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