ICICI Bank Share Gains on Ex-Split Day

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    Shares of the ICICI Bank rose 2 per cent on Thursday after the bank announced that it had subdivided the face value of its equity shares in the ratio of 5:1 that is Rs 2 from Rs 10 face value.

    The shares for the first time began trading at a face value of Rs 2 today.

    ICICI Bank Share Gains on Ex-Split Day
    ICICI Bank: Quotes, News
    BSE 371.90BSE Quote1.45 (-0.39%)
    NSE 372.00NSE Quote2.6 (-0.70%)

    The bank fixed record date as December 05, 2014 for the purpose of ascertaining the eligible shareholders who would be entitled to receive five equity shares of nominal value of Rs 2 each in lieu of one equity share of nominal value of Rs 10 each of the bank.

    Stock split is beneficial for investors as it increases liquidity. Click to know What are the tax implication on stock split. 
    Shares of ICICI Bank was seen trading at Rs 361.50, higher by 0.80% on the Bombay Stock Exchange at 12.20 pm IST. It touched an intra-day high of Rs 366 during the trade.


    Read more about: icici
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more