The Reserve Bank of India has approved ICICI Prudential Asset Management Company’s proposal to acquire an aggregate stake of up to 9.95% in AU Small Finance Bank.
The approval is for acquiring up to 9.95% of the paid-up share capital or voting rights of the bank, AU Small Finance Bank said in a regulatory filing on Wednesday.
The bank said it received the RBI’s approval letter dated September 8, 2026.
The approval covers ICICI Prudential Asset Management Company, along with schemes of ICICI Prudential Mutual Fund, funds under alternative investment funds managed by the asset manager and clients of its portfolio management services.
The RBI approval is subject to compliance with the applicable provisions of the Banking Regulation Act, 1949, RBI directions, the Foreign Exchange Management Act, 1999, Securities and Exchange Board of India regulations and other applicable statutes, regulations and guidelines.
