ICICI Bank Completes Sale of Stake in ICICI Merchant Services
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ICICI Bank Limited has completed the sale of its entire 19% stake in ICICI Merchant Services Private Limited to First Data Holding I (Netherlands) B.V. This transaction ends IMSPL's association with ICICI Bank, allowing the bank to focus on its core banking operations. ICICI Bank is a major financial institution in India, providing various banking services. The bank's current market cap is 9611B INR, with a year-to-date price performance of 5.63%.
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