Icici Bank ( (IBN) ) has shared an announcement.
On April 19, 2025, ICICI Bank announced its decision to sell its entire 18.8% shareholding in NIIT Institute of Finance Banking and Insurance Training Limited (NIIT-IFBI) to NIIT Limited, a leading digital talent development organization. This transaction, expected to be completed by September 30, 2025, is valued between ₹47.0-65.8 million and will result in NIIT-IFBI ceasing to be an associate of ICICI Bank. The sale is not considered a related party transaction and is outside any Scheme of Arrangements, indicating a strategic move by ICICI Bank to divest from its non-core assets, potentially impacting its financial positioning and focus on core banking operations.
Spark’s Take on IBN Stock
According to Spark, TipRanks’ AI Analyst, IBN is a Outperform.
Icici Bank demonstrates a solid overall performance driven by strong financial results and positive technical indicators. The financial performance stands out with impressive revenue growth and profitability, while technical analysis supports a bullish short-term outlook. Valuation appears reasonable, but caution is advised due to high momentum indicators suggesting overbought conditions.
To see Spark’s full report on IBN stock, click here.
More about Icici Bank
ICICI Bank Limited is a prominent financial institution based in Mumbai, India, operating in the banking industry. The bank provides a wide range of financial services, including retail banking, corporate banking, and investment banking, with a strong focus on the Indian market.
YTD Price Performance: 12.48%
Average Trading Volume: 5,185,300
Technical Sentiment Signal: Sell
Current Market Cap: $117.8B
Find detailed analytics on IBN stock on TipRanks’ Stock Analysis page.