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 December, 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 |
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.
Pursuant to Regulation 30 of the 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 invocation of pledged shares of Karvy Data Management Services Limited.
| Sr. No. | Particulars | Details |
| 1. | Name of the target entity, details in brief such as size, turnover, etc. | Name- Karvy Data Management Services Limited (“KDMSL”)
CIN – U72300TG2008PLC058738 Type- unlisted company
KDMSL - FY2019 (standalone basis) Total Revenue – ₹ 765.3 crores Profit after tax – ₹ 32.9 crores |
| 2. | 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?
Is yes, nature of interest and details thereof and whether the same is done at “arm’s length” | Not Applicable |
| 3. | Industry to which the entity acquired belongs | IT industry/Computer related activities |
| 4. | 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) | The shares of KDMSL were pledged with the Bank for securing the outstanding dues of Karvy Stock Broking Limited (“KSBL”), the Borrower Company. The Bank has invoked the pledged shares of KDMSL for recovery of its dues. |
| 5. | Brief details of any governmental or regulatory approvals required for the acquisition | Not Applicable |
| 6. | Indicative time period for completion of the acquisition | Shares have been acquired upon invocation of pledge. The filing is being done after prescribed internal procedures for approval of pledge invocation have been concluded.
|
| 7. | Nature of consideration - whether cash
consideration or share swap and details of the same
| Not Applicable
The shares have been acquired pursuant to invocation of pledged share of KDMSL for recovery of outstanding dues from KSBL. |
| 8. | Cost of acquisition or the price at which the shares are acquired | Not Applicable |
| 9. | Percentage of shareholding/ control acquired and/or number of shares acquired | 45,00,000 equity shares of face value of ₹ 10 each representing 18.75% of the paid-up share capital of KDMSL. |
| 10. | 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) | KDMSL was incorporated on April 21, 2008 in the State of Telangana with the object of providing End to End IT solutions.
The revenue of KDMSL (standalone basis) is: FY2018-19: ₹ 765.3 crore FY2017-18: ₹708.7 crore FY2016-17: Not available |
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 | |||||
| Date: | December 20, 2019 | By: | /s/ Vivek Ranjan | ||
| Name : | Vivek Ranjan | ||||
| Title : | Chief Manager | ||||