For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

ICICI Bank Surges Close To 2% On Fund Raising Plan

|

Shares in ICICI Bank in intra-day trade on July 6, 2020 rallied close to 2% on fund raising plans. At 9:38 am, the stock of private sector lender was trading higher by 1.04% at Rs. 364.75 per share on the BSE, while it made an early high of Rs. 368.

On July 8, the company's board will meet to deliberate and give its go-ahead to the bank's fund raising plan.

ICICI Bank Surges Close To 2% On Fund Raising Plan
 

As it is the trading opportunity for designated persons that includes bank's directors stands discontinued with effect from July 1 and will continue until August 2, 2020.

The board will consider the issue of equity shares and/or other equity-linked securities, through permissible mode(s) including but not limited to a private placement, preferential issue, qualified institutions placement, further public offer, etc., or any combination thereof, subject to shareholders' approval and regulatory and other approvals as may be required, the release from the bank said.

GoodReturns.in

Read more about: icici bank fund raising
Story first published: Monday, July 6, 2020, 9:51 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
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