ICICI Bank Completes Transfer of Investment Management Rights for Five AIFs to ICICI Prudential AMC

ICICI Bank has completed the transfer of investment management rights for five Alternative Investment Funds (AIFs) from ICICI Venture Funds Management Company Limited (IVen) to ICICI Prudential Asset Management Company Limited (IPru AMC), effective April 1, 2026. The bank made this disclosure through a regulatory filing, confirming that all requisite agreements have been executed between the parties.

Background of the Transfer

This development follows previous disclosures made by ICICI Bank on May 9, 2025 and March 2, 2026, regarding the proposed transfer of the private equity, venture capital and real estate fund management business from IVen to IPru AMC. The bank received confirmation from IPru AMC at 4:20 p.m. on April 1, 2026, that the transfer had been completed following receipt of requisite regulatory approvals.

Details of Transferred AIFs

The transfer encompasses five AIFs across different investment categories, each with distinct SEBI registration numbers:

Sr. No Name of AIFs SEBI Registration No. 1. India Advantage Fund S4 I IN/AIF2/15-16/0170 2. India Advantage Fund S5 I IN/AIF2/21-22/0939 3. India Advantage Fund S5 II IN/AIF2/21-22/0998 4. India Real Estate Investment Fund Series 2 IN/AIF2/22-23/1144 5. Iven Amplifi Fund IN/AIF2/23-24/1341

Investment Management Transition

With the completion of this transfer, IPru AMC will now provide investment management services to all five AIFs. The transition represents a consolidation of fund management activities within the ICICI group structure, bringing together private equity, venture capital and real estate fund management under IPru AMC's umbrella.

Regulatory Compliance

The transfer was executed in compliance with regulatory requirements, with all necessary approvals obtained before the effective date. The bank has informed major stock exchanges including BSE Limited and National Stock Exchange of India Limited about this development, maintaining transparency with stakeholders and regulatory bodies.

ICICI Bank recorded a substantial block trade on the National Stock Exchange (NSE) worth Rs. 166.67 crores, highlighting significant institutional trading activity in one of India's leading private sector banks.

Transaction Details

The block trade involved a considerable volume of shares and was executed at a specific price point on the NSE platform.

Parameter: Details Transaction Value: Rs. 166.67 crores Number of Shares: ~1,363,840 shares Price per Share: Rs. 1,222.10 Exchange: NSE

Market Significance

Block trades represent large-volume transactions typically executed by institutional investors, mutual funds, or other significant market participants. These transactions are conducted outside the regular market to avoid impacting the stock's market price during execution. The substantial value of Rs. 166.67 crores indicates considerable institutional interest in ICICI Bank shares.

Trading Activity

The execution of approximately 1,363,840 shares at Rs. 1,222.10 per share demonstrates active participation from large investors in the banking sector. Such block trades often reflect portfolio adjustments, strategic investments, or institutional rebalancing activities in the financial services space.

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