ICICI Bank has completely divested its 8.55% stake in Glittek Granites Ltd by selling 22,20,000 shares. The exit was completed via a promoter buyback on June 8, 2026. This marks the end of ICICI Bank's institutional shareholding in the granite company.

ICICI Bank Completes Glittek Granites Divestment

ICICI Bank has fully exited its investment in Glittek Granites Ltd, selling its entire 22,20,000 equity shares, representing an 8.55% stake. The final transaction occurred on June 08, 2026, through a buyback by the promoters.

Reader Takeaway: ICICI Bank fully exits Glittek Granites; investors note shift in institutional holding.

What just happened

ICICI Bank Limited has finalized its divestment from Glittek Granites Ltd. The bank sold all 22,20,000 equity shares it held, which constituted 8.55% of the company's total equity. The sale was completed by June 8, 2026, via a buyback program undertaken by Glittek Granites' promoters.

Why this matters

This transaction signifies the complete departure of ICICI Bank as an institutional investor in Glittek Granites. Shareholders will see a change in the company's major shareholding structure, with the bank now holding no shares.

The backstory

ICICI Bank was an institutional shareholder in Glittek Granites. The sale of its stake was conducted through multiple tranches over time, culminating in this final exit.

What changes now

Glittek Granites Ltd now has zero equity shares held by ICICI Bank. The total equity share capital remains ₹12.98 crore, with 2,59,59,400 equity shares outstanding post-transaction.

Risks to watch

No immediate risks are highlighted in the filing related to this specific transaction. The buyback is a standard corporate action.

Peer comparison

Information on peer comparison regarding similar divestments by banks in the granite sector is not provided in the filing.

Context metrics (time-bound)

• Transaction Date: June 08, 2026
• Shares Sold: 22,20,000 equity shares
• Stake Sold: 8.55%
• Total Equity Share Capital of Glittek Granites: ₹12.98 crore (₹1,297.97 lakh)
• Total Number of Shares of Glittek Granites: 2,59,59,400 equity shares

What to track next

Investors should monitor Glittek Granites Ltd's future performance and shareholding patterns following this significant change in institutional ownership.