ICICI Bank Limited has received approval from SEBI for the proposed transfer of the private equity, venture capital, and real estate fund management business of ICICI Venture Funds Management Company Limited (IVen) to ICICI Prudential Asset Management Company Limited (IPru AMC). This approval, received via an email from IVen today at 5:32 p.m. and a letter from SEBI dated March 2, 2026, is valid for a period of six months. The transfer is subject to the receipt of requisite regulatory and other approvals, completion of other procedures, and entering into necessary agreements. The SEBI approval pertains to the change in the Manager and Sponsor of five Category II Alternative Investment Funds (AIFs). These AIFs include India Advantage Fund S4 I, India Advantage Fund S5 I, India Advantage Fund S5 II, India Real Estate Investment Fund Series 2, and Iven Amplifi Fund. This development follows a prior disclosure made by ICICI Bank on May 9, 2025, regarding the proposed business transfer.
