The Reserve Bank of India approved the asset manager’s proposal, allowing its managed schemes and funds to hold shares in AU Small Finance Bank within the stated ceiling. The key number is 9.95%: this is the maximum aggregate holding permitted under the approval reported, rather than a confirmed stake already acquired.

The scope of the permission matters when reading the announcement. It covers various investment schemes and funds run by ICICI Prudential AMC, with the limit applying to their combined holding. The supplied report does not identify the individual schemes or funds, or state how much each would hold.

There are no transaction details in the available report showing the number of shares to be bought, the purchase price or when any buying would take place. It also does not give an existing holding figure. The development can therefore be described as regulatory clearance for the proposed holding, but not confirmation that the full permitted stake has been purchased.