The Federal Bank Ltd (“Bank”) has received an intimation from the Reserve Bank of India (“RBI”) on December 28, 2023, that it has accorded its approval to ICICI Prudential Asset Management Company Ltd. (ICICI AMC) for acquiring aggregate holding of up to 9.95% of the paidup Share Capital or Voting Rights of the Bank subject to the conditions specified therein, the bank said in a release.
The Federal Bank Ltd (“Bank”) has received an intimation from the Reserve Bank of India (“RBI”) on December 28, 2023, that it has accorded its approval to ICICI Prudential Asset Management Company Ltd. (ICICI AMC) for acquiring aggregate holding of up to 9.95% of the paidup Share Capital or Voting Rights of the Bank subject to the conditions specified therein, the bank said in a release.
Anand Shah to head ICICI AMC s PMS & AIF Investments
February 08, 2021 ICICI Prudential Asset Management Company has appointed Anand Shah as Head - PMS & AIF Investments. Shah has over two decades of fund management experience
in the Asset Management industry, most recently as CEO of NJ Asset Management.
Before this stint, he was Deputy CEO and Head of Investments at BNP Paribas Asset Management Company responsible for Investments and overseeing both onshore and offshore mandates sub-advised and Sales.
Nimesh Shah, Managing Dirrctor, ICICI Prudential AMC said with Anand s presence the PMS and AIF Investment management capabilities would strengthen and deliver good investment experience to clients.