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.
ICICI Prudential Asset Management Company (AMC), the asset manager to ICICI Prudential Mutual Fund, is rolling out a new, open-ended, multi-asset allocation, fund of funds (FoF) scheme investing in equity, debt, gold and global index funds/exchange traded funds (ETFs) on 27th December.
ICICI MF plants 50,000 saplings on behalf of ESG investors
January 15, 2021
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Each investor gets a numbered eTreeCertificate that’s geo-tagged for its location, thus letting investors know of the progress of the sapling
ICICI Prudential Asset Management Company has contributed funds for planting over 50,000 saplings on behalf of its ESG fund investors.
The number of planted saplings is equivalent to the number of investors who have opted to invest in ICICI Prudential ESG Fund during the New Fund Offer period, said the fund house in a statement.
Post plantation, investors are provided with a certificate issued by Grow-Trees, a social enterprise which is the also the official partner of the United Nations Environment Program’s Billion Tree Campaign.