Old ICICI Bank Shares: What They Are Worth and How to Recover Them
Certificates may carry the name: ICICI Limited (merged into ICICI Bank in 2002)
Reviewed 22 September 2026
In short
Certificates issued by ICICI Limited are ICICI Bank shares today: ICICI Limited merged into its own subsidiary, ICICI Bank, in 2002 — a reverse merger, unusual in India. ICICI Bank then split each ₹10 share into five ₹2 shares with a record date of 5 December 2014, so an old holding now carries five times as many shares. The registrar is KFin Technologies.
Corporate actions that changed the holding
- 2002ICICI Limited merged into ICICI BankThe parent merged into its subsidiary and took the subsidiary’s identity. Ask the registrar for the entitlement on an old ICICI Limited folio.
- 2014Share split, 1:5Each equity share of ₹10 was sub-divided into five shares of ₹2. Record date 5 December 2014.
We have not listed the exact share entitlement on the 2002 merger, or ICICI Bank’s earlier corporate actions, because we have not verified them. KFintech can confirm what a folio holds today.
Who to write to
KFin Technologies Limited (KFintech)
- Address
- Selenium Tower-B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally Mandal, Hyderabad 500032
- Toll-free
- 1800 309 4001
- einward.ris@kfintech.com
- Online requests
- ris.kfintech.com/clientservices/isc/
Registrars change. Confirm the current one on the company’s investor page before posting anything, and see how to find a company’s registrar.
How the shares are recovered
- The shares are in your name and you have the certificates
Update KYC on the folio if needed, then dematerialise them so they can be sold.
- The shareholder has died
The nominee, surviving joint holder or legal heirs claim through transmission.
- You bought the shares on paper before April 2019
SEBI's special window, open until 4 February 2027, lets you complete the transfer.
- The certificates are lost or damaged
The registered holder or heirs apply for duplicates, credited to demat.
- The shares or dividends were transferred to IEPF
Claim them back from the IEPF Authority with Form IEPF-5.
- The certificate is in an old or merged company name
The holding may now sit with a renamed or successor company.
Questions we are asked about ICICI Bank shares
I have share certificates of ICICI Limited. Are they worthless?
No. ICICI Limited merged into ICICI Bank in 2002 and the holding carried across into ICICI Bank shares. Write to KFintech with the folio and certificate numbers to establish the current entitlement.
Why does my holding show five times the number on the certificate?
ICICI Bank sub-divided each ₹10 share into five ₹2 shares, with a record date of 5 December 2014.
The shareholder has died. What do we need?
Transmission. Within SEBI’s limits — ₹10 lakh per company for physical shares — an indemnity bond and an affidavit-cum-NOC from the other heirs is generally enough, with no court document.
Sources
Free valuation of old shares
Send us the company name and folio number from the certificate. We work out what the holding is worth today, after bonuses, splits and mergers.