Icici Transfers Amc, Infotech Stakes To Ventures

ICICI has bought down its stake in Prudential ICICI Asset Management Company and ICICI Infotech to less than 30 per cent as Section 19(2) of the Banking Regulation Act does not allow a bank to have an equity holding in excess of 30 per cent of the share capital of the company concerned, or 30 per cent of its own capital and reserves