ICICI Bank moves up on accepting offer to acquire 5.97% stake in ONDC
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ICICI Bank is currently trading at Rs. 728.15, up by 12.90 points or 1.80% from its previous closing of Rs. 715.25 on the BSE.
The scrip opened at Rs. 719.00 and has touched a high and low of Rs. 729.90 and Rs. 719.00 respectively. So far 171992 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 859.70 on 25-Oct-2021 and a 52 week low of Rs. 531.00 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 729.90 and Rs. 695.75 respectively. The current market cap of the company is Rs. 504967.22 crore.
The Institutions and Non-Institutions holding in the company stood at 89.29% and 10.70% respectively.
ICICI Bank has accepted the offer to acquire 10 lakh equity shares of face value of Rs 100 each of Open Network for Digital Commerce (ONDC). Post allotment, ICICI Bank will hold 5.97% stake in ONDC. Object of acquisition is to participate in the development of the Indian digital commerce ecosystem.
ONDC is engaged in creating an open public digital infrastructure to develop and transform the Indian digital commerce ecosystem for both goods and services and to expand alternatives for both buyers and sellers to engage in the Digital Commerce space.
ICICI Bank is a leading private sector bank in India.
