Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
May 21 2024 - 6:05AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN
ISSUER PURSUANT TO RULE 13a -16 OR
15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of
May 2024
Commission File Number: 001-15002
ICICI Bank Limited
(Translation of registrant’s name into English)
ICICI Bank Towers,
Bandra-Kurla Complex
Mumbai, India 400 051
(Address of principal executive office)
Indicate by check
mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.
ICICI Bank
Limited
ICICI Bank Towers
Bandra-Kurla Complex
Mumbai 400 051, India. |
Tel.: 022-
4008 8900
Email:companysecretary@icicibank.com
Website www.icicibank.com
CIN.: L65190GJ1994PLC021012 |
Regd.
Office: ICICI Bank Tower, Near Chakli Circle,
Old Padra Road, Vadodara 390007. India |
Table of Contents
Items:
ICICI Bank
Limited
ICICI Bank Towers
Bandra-Kurla Complex
Mumbai 400 051, India. |
Tel.: 022-
4008 8900
Email:companysecretary@icicibank.com
Website www.icicibank.com
CIN.: L65190GJ1994PLC021012 |
Regd.
Office: ICICI Bank Tower, Near Chakli Circle,
Old Padra Road, Vadodara 390007. India |
OTHER NEWS
Subject:
Disclosure under Indian Listing Regulations
IBN
ICICI
Bank Limited (the ‘Bank’) Report on Form 6-K
The Bank has made
the below announcement to the Indian stock exchanges:
We wish to inform
you that ICICI Bank Limited (the “Bank”) has entered into a memorandum of understanding dated May 17, 2024 in relation to
an investment in the equity shares of a company to be incorporated (“Target Entity”) as subsidiary of The Clearing Corporation
of India Limited (“CCIL”) along with seven (7) other shareholders.
Pursuant to Regulation
30 read with para A of part A of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, read
with SEBI circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, we wish to provide the following disclosure:
| a. |
Name
of the target entity, details in brief such as size, turnover etc. |
The
Target Entity is proposed to be incorporated as a subsidiary of CCIL. |
| b. |
Whether
the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any
interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s
length” |
This transaction
does not constitute a related party transaction. ICICI Bank has no promoters.
|
| c. |
Industry
to which the entity being acquired belongs |
Financial services
|
| d. |
Objects
and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business
is outside the main line of business of the listed entity) |
Financial
investment |
ICICI Bank
Limited
ICICI Bank Towers
Bandra-Kurla Complex
Mumbai 400 051, India. |
Tel.: 022-
4008 8900
Email:companysecretary@icicibank.com
Website www.icicibank.com
CIN.: L65190GJ1994PLC021012 |
Regd.
Office: ICICI Bank Tower, Near Chakli Circle,
Old Padra Road, Vadodara 390007. India |
| e. |
Brief
details of any governmental or regulatory approvals required for the acquisition |
Regulatory
approval is not required |
| f. |
Indicative
time period for completion of the acquisition |
365
days from the date of memorandum of understanding |
| g. |
Consideration
- whether cash consideration or share swap or any other form and details of the same |
Cash
consideration |
| h. |
Cost
of acquisition and/or the price at which the shares are acquired |
Cash
consideration of ₹ 10/- per share for acquiring 6,125,000 equity shares representing 6.125% shareholding of the Target Entity |
| i. |
Percentage
of shareholding /control acquired and / or number of shares acquired |
Post
investment, the Bank will hold 6.125% shareholding in the Target Entity through acquisition of 6,125,000 equity shares of face value
₹ 10 each |
| j. |
Brief
background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years
turnover, country in which the acquired entity has presence and any other significant information (in brief) |
The Target Entity
is proposed to be incorporated as a subsidiary of CCIL. The Target Entity to be incorporated in GIFT-IFSC will set-up and operate
the Foreign Currency Settlement System (“FCSS”) in GIFT-IFSC and will act as clearing house and system operator for the
same and will also provide services in GIFT-IFSC including, any or all of the services provided by CCIL in India, and will undertake
such other activities permissible within the GIFT-IFSC as may be determined from time to time, subject to necessary approvals by
the relevant authorities under the applicable laws.
Date of Incorporation:
Target Entity is proposed to be set-up.
History of last
3 years turnover: Not applicable as the Target Entity is proposed to be set-up
Country of presence:
GIFT-IFSC in India
|
You are requested to please take the above information
on record.
ICICI Bank
Limited
ICICI Bank Towers
Bandra-Kurla Complex
Mumbai 400 051, India. |
Tel.: 022-
4008 8900
Email:companysecretary@icicibank.com
Website www.icicibank.com
CIN.: L65190GJ1994PLC021012 |
Regd.
Office: ICICI Bank Tower, Near Chakli Circle,
Old Padra Road, Vadodara 390007. India |
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorised.
| |
|
|
For
ICICI Bank Limited |
| |
|
|
|
| |
|
|
|
| Date: |
May
17, 2024 |
By: |
/s/
Vivek Ranjan |
| |
|
|
Name: |
Vivek Ranjan |
| |
|
|
Title: |
Assistant General Manager |
ICICI Bank
Limited
ICICI Bank Towers
Bandra-Kurla Complex
Mumbai 400 051, India. |
Tel.: 022-
4008 8900
Email:companysecretary@icicibank.com
Website www.icicibank.com
CIN.: L65190GJ1994PLC021012 |
Regd.
Office: ICICI Bank Tower, Near Chakli Circle,
Old Padra Road, Vadodara 390007. India |
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