Report of Foreign Issuer (6-k)
August 21 2020 - 9:52AM
Edgar (US Regulatory)
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month
of August 2020
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.
Indicate by
check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by
check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7):
Indicate by
check mark whether by furnishing the information
contained in this Form, the Registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b)
under the Securities Exchange Act of 1934:
If “Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g 3-2(b): Not Applicable
Table of
Contents
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:
Pursuant
to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 read with SEBI circular no. CIR/CFD/CMD/4/2015
dated September 9, 2015 and with reference to our earlier letter dated May 20, 2019, we give below the disclosure with respect
to the Bank’s additional investment made on August 20, 2020 to acquire equity shares of India International Exchange (IFSC)
Limited.
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a.
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Name
of the target entity, details in brief as size, turnover etc.
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India International Exchange
(IFSC) Limited, GIFT City, IFSC, Gandhinagar, Gujarat (INX)
Total revenue (FY2020):
₹ 24.0 million (standalone)
PAT (FY2020): loss of
₹ 311.2 million (standalone)
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b.
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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
“arms length”
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This
transaction does not constitute a related party transaction. ICICI Bank has no promoters. None of the group companies of ICICI
Bank (including ICICI Bank) have any interest in the entity being acquired
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c.
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industry
to which the entity being acquired belongs
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INX is an exchange
located in GIFT City, IFSC, Gandhinagar, Gujarat
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d.
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objects
and effects 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)
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Financial investment
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e.
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Brief
details of any governmental or regulatory approvals required for the acquisition
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Securities
and Exchange Board of India (SEBI) and Reserve Bank of India (RBI)
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f.
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Indicative
time period for completion of the acquisition
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By August 31, 2020
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g.
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Nature
of consideration - whether cash consideration or share swap and details of the same
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Cash consideration
of ₹ 44.6 million
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h.
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Cost
of acquisition or the price at which the shares are acquired
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Cash consideration
of ₹ 44.6 million to acquire 44.6 million equity shares
at ₹ 1.00 per share
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i.
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Percentage
of shareholding / control acquired and / or number of shares acquired
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Post
the proposed investment, ICICI Bank’s shareholding would increase from 7.7% (prior to rights issue) to 9.9% (post rights
issue) in INX
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j.
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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)
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India
International Exchange (IFSC) Limited (INX)
Date of incorporation: September 12, 2016
INX is an exchange located in GIFT City, IFSC, Gandhinagar, Gujarat
History of last 3 years total revenue (standalone):
FY2020: ₹
24.0 million
FY2019: ₹ 22.5 million
FY2018: ₹
11.4 million
Country of presence: India
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You are requested
to please take the above on record.
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ICICI
Bank Limited
ICICI Bank Towers
Bandra-Kurla Complex
Mumbai 400 051, India.
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Tel.:
(91-22) 2653 1414
Fax: (91-22) 2653 1122
Website www.icicibank.com
CIN.: L65190GJ1994PLC021012
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Regd.
Office: ICICI Bank Tower,
Near Chakli Circle,
Old Padra Road
Vadodara 390007. India
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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.
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For ICICI Bank Limited
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Date:
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August 21, 2020
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By:
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/s/
Vivek Ranjan
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Name:
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Vivek Ranjan
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Title:
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Chief Manager
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