Question
ICICI Bank approved the sale of a 19% stake in ICICI
Merchant Services. What is the estimated value of the stake sale?Solution
ICICI Bank approved the sale of a 19% stake in ICICI Merchant Services to First Data Holdings 1 (Netherlands) BV for ₹160 crore to ₹190 crore. This move is aimed at generating funds for ICICI Bank while realigning its business.
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