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 May, 2019
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.
| Form 20-F X | 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):
| Yes | No X |
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):
| Yes | No X |
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:
| Yes | No X |
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
Item
| 1. | Other news |
Item 1
OTHER NEWS
IBN
ICICI Bank Limited (the ‘Bank’) Report on Form 6-K
Subject: Disclosure under Indian Listing Regulations
The Bank has made the below announcement to the Indian stock exchanges.
We wish to inform you that today the Bank has entered into an agreement with BSE Limited and India International Exchange (IFSC) Limited (INX) for investment in INX.
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, we give below the disclosure with respect to the Bank’s proposed investment in equity shares of INX.
| a. | Name of the target entity, details in brief as size, turnover etc. | India International Exchange (IFSC) Limited, GIFT City, IFSC, Gandhinagar, Gujarat (INX)
Total revenue (FY2019):₹ 22.5 million
PAT (FY2019): loss of₹ 309.6 million |
| 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 “arms length” | 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 |
| c. | industry to which the entity being acquired belongs | INX is an exchange located in GIFT City, IFSC, Gandhinagar, Gujarat |
| d. | 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) | Financial investment |
| e. | Brief details of any governmental or regulatory approvals required for the acquisition | Securities and Exchange Board of India (SEBI) and Reserve Bank of India (RBI) approval |
| f. | Indicative time period for completion of the acquisition | Investment is subject to regulatory approvals |
| g. | Nature of consideration - whether cash consideration or share swap and details of the same | Cash consideration of up to₹ 305.0 million in tranches |
| h. | Cost of acquisition or the price at which the shares are acquired | Cash consideration of up to₹ 305.0 million to acquire up to 9.9% shareholding in INX |
| i. | Percentage of shareholding / control acquired and / or number of shares acquired | Post the proposed investment, ICICI Bank would have a shareholding of up to 9.9% in INX |
| 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) | India International Exchange (IFSC) Limited (INX)
FY2018:₹11.4 million |
You are requested 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 Websitewww.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.
For ICICI Bank Limited
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| Date: | May 20, 2019 | By: | //s/ Vivek Ranjan | ||
| Name : Title : | Vivek Ranjan Chief Manager | ||||