Shares to look at: When buying and selling resumes on Dalal Avenue on Monday, shares of Life Insurance Corporation (LIC) of India and ICICI Financial institution shall be on the radar of Indian inventory market buyers. The explanation for that is the massive acquisition replace. The Reserve Financial institution of India (RBI) has authorized LIC’s acquisition of as much as a 9.99% stake in ICICI Bank inside one 12 months of the RBI’s approval letter. ICICI Financial institution knowledgeable of the acquisition replace in an trade submitting on Saturday, following receipt of the RBI letter late on Friday night.
ICICI knowledgeable the Indian inventory market exchanges in regards to the RBI approval letter on Saturday, saying, “On September 4, 2026 at 9:09 PM, ICICI Financial institution Restricted (the Financial institution) has obtained a replica of Reserve Financial institution of India (RBI ) letter dated the identical day addressed to Life Insurance coverage Company of India (the applicant) that it has accorded its approval to the applicant to amass ‘mixture holding’ of as much as 9.9 9% of the paid -up share capital or voting rights within the Financial institution inside one 12 months from the date of RBI approval letter, failing which RBI approval shall stand cancelled. The approval is topic to sure circumstances, together with compliance with the related statutory and regulatory provisions.
ICICI Financial institution shareholding sample for Q1FY27
In line with the shareholding sample of ICICI Financial institution for the April to June 2026 quarter, LIC holds 31,18,17,010 ICICI Financial institution shares, accounting for 4.35% of the personal lender’s web paid-up capital. That is greater than half of the web stake owned by the insurance coverage corporations in ICICI Financial institution.
By the June 2026 quarter, insurance coverage corporations owned 8.24% stake in ICICI Financial institution. One other main insurance coverage firm that holds a stake in ICICI Financial institution is SBI Life Insurance coverage Firm Ltd. SBI Life Insurance coverage Firm holds a 1.43% stake in ICICI Financial institution.
ICICI Financial institution is mutual funds’ favorite
ICICI Financial institution is mutual funds’ favorite as nicely. By the tip of the June 2026 quarter, mutual funds maintain 29.60% stake in ICICI Financial institution. Axis Mutual Fund, SBI Mutual Fund, UTI Mutual Fund, Nippon Life India Mutual Fund, Kotak Mutual Fund, HDFC Mutual Fund, Aditya Birla Solar Life Mutual Fund, and ICICI Prudential Mutual Fund are among the many main stakeholders within the ICICI Financial institution. SBI Mutual Fund leads the tally by holding 6.27% stake within the personal lender, adopted by ICICI Prudential Mutual Fund (4.40%), HDFC Mutual Fund (3.58%), and Nippon Life India Mutual Fund (2.55%).
On Friday, the LIC share value closed at ₹416.50 on the NSE, whereas the ICICI Financial institution share value closed at ₹1,423.70 apiece.
