ICICI Prudential Asset Management acquires Federal Bank Limited and Equitas Small Finance Bank Limited

ICICI Prudential Asset Management agreed to acquire Federal Bank Limited and Equitas Small Finance Bank Limited. Reported deal value: Undisclosed. Status: Approved. Sector: Banking. Target headquarters context: Location not specified.

This page summarizes publicly available information about the transaction as of 2026-02-11. Figures and status may change as filings and press coverage update.

The Reserve Bank of India has intimated two banking organizations namely Federal Bank and Equitas Small Finance Bank Ltd that it has accorded its approval to ICICI Prudential Asset Management Company Limited , with group entities of ICICI Bank Limited for acquiring aggregate holding” of up to 9. 95 % of the paid -up Share Capital or Voting Rights of the Bank subject to the conditions specified therein