Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
15 11월 2023 - 8:05PM
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 November 2023
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.: (91-22) 2653
1414
Fax: (91-22) 2653 1122
Website www.icicibank.com
CIN.: L65190GJ1994PLC021012 |
Regd. Office: ICICI
Bank Tower,
Near Chakli Circle,
Old Padra Road
Vadodara 390007. India |
Table of Contents
ICICI Bank Limited
ICICI Bank Towers
Bandra-Kurla Complex
Mumbai 400 051, India. |
Tel.: (91-22) 2653
1414
Fax: (91-22) 2653 1122
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, in settlement of their payment obligations in relation to the facilities extended to Jaiprakash Associates Limited (“JAL”
or “Company”) by ICICI Bank Limited (“Bank”), GACL Trust, JEL Trust, JCL Trust and JHL Trust (collectively,
“Obligors”) have agreed to transfer their shares in the Company (constituting 7.71% of the paid up share capital of
the Company) to the Bank pursuant to an agreement dated November 14, 2023. These shares were pledged to ICICI Bank.
Pursuant to Regulation
30 read with para A of part A of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, as amended,
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. |
Jaiprakash
Associates Limited
Total Operating Income : ₹
39.55 billion (FY 2023) |
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.
ICICI Bank and
its subsidiaries in the normal course of business have business dealings with Jaiprakash Group, including JAL, at an arm’s length.
ICICI Bank is a lender to Jaiprakash Group, including JAL. |
c. |
Industry
to which the entity being acquired belongs |
Jaiprakash Associates
Limited (JAL) is the flagship company of the Jaypee Group engaged in Engineering & Construction (E&C), Cement, Hospitality
& Real Estate businesses. JAL is also the holding company for various subsidiaries engaged in Cement, Power, Real Estate and
other diversified business activities.
|
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) |
Obligors
had pledged 189,316,882 equity shares of JAL with ICICI Bank for the facilities extended to JAL. After settlement with the Obligors,
the Bank would reduce its dues from JAL, to the extent of value of shares transferred to the Bank, under the Settlement Agreement. |
e. |
Brief details
of any governmental or regulatory approvals required for the acquisition
|
Since
the shareholding being transferred is below 10%, regulatory approval is not required. |
ICICI Bank Limited
ICICI Bank Towers
Bandra-Kurla Complex
Mumbai 400 051, India. |
Tel.: (91-22) 2653
1414
Fax: (91-22) 2653 1122
Website www.icicibank.com
CIN.: L65190GJ1994PLC021012 |
Regd. Office: ICICI
Bank Tower,
Near Chakli Circle,
Old Padra Road
Vadodara 390007. India |
f. |
Indicative
time period for completion of the acquisition |
November
15, 2023 |
g. |
Consideration
- whether cash consideration or share swap or any other form and details of the same |
Settlement
with the Obligors, of the Bank’s debt to JAL, equivalent to the value of shares transferred to the Bank. |
h. |
Cost
of acquisition and/or the price at which the shares are acquired |
Closing
price at NSE on November 13, 2023 |
i. |
Percentage
of shareholding /control acquired and / or number of shares acquired |
189,316,882
equity shares of JAL (constituting 7.71% of the paid up share capital of JAL) held by the Obligors |
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) |
Jaiprakash Associates
Limited
Date of incorporation:
November 11, 1995
History of last
3 years Turnover:
FY2021: ₹
43.43 billion
FY2022: ₹
42.20 billion
FY2023: ₹
39.55 billion
Country of presence
- India |
Request you to please
take the above on record.
ICICI Bank Limited
ICICI Bank Towers
Bandra-Kurla Complex
Mumbai 400 051, India. |
Tel.: (91-22) 2653
1414
Fax: (91-22) 2653 1122
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.
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For
ICICI Bank Limited
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Date |
:
November 14, 2023 |
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By: |
/s/Vivek
Ranjan |
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Name : |
Vivek
Ranjan |
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Title : |
Assistant
General Manager |
Icici Bank (NYSE:IBN)
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Icici Bank (NYSE:IBN)
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