ICICI Bank Limited (NSEI:ICICIBANK) agreed to acquire 9.9% stake in FTL Technology Systems Private Limited for INR 1 million on January 29, 2018. According to the terms of the consideration, ICICI Bank Limited will acquire 100 equity shares for INR 864.89 each and 1043 million convertible cumulative preference shares for INR 864.89 each. The transaction is expected to complete by end of February, 2018. ICICI Bank Limited (NSEI:ICICIBANK) cancelled the acquisition of 9.9% stake in FTL Technology Systems Private Limited on January 29, 2019.