ICICI Bank inches up on getting nod to raise up to Rs 25000 crore in domestic markets
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ICICI Bank is currently trading at Rs. 1159.45, up by 0.65 points or 0.06% from its previous closing of Rs. 1158.80 on the BSE.
The scrip opened at Rs. 1160.00 and has touched a high and low of Rs. 1169.30 and Rs. 1153.25 respectively. So far 189835 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1169.30 on 30-Apr-2024 and a 52 week low of Rs. 898.85 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 1169.30 and Rs. 1088.80 respectively. The current market cap of the company is Rs. 813754.08 crore.
The Institutions and Non-Institutions held 90.16% and 9.84%, stake in the bank respectively.
ICICI Bank has received approval for fund raising by way of issuances of debt securities including by way of non-convertible debentures (NCDs) in domestic markets upto an overall limit of Rs 25000 crore by way of private placement and issuances of bonds/notes/offshore certificate of deposits in overseas markets upto $1.50 billion for a period of one year, from the date of passing of resolution by the Board. The Board also authorised buyback of debt securities within the limits that the Board is authorised to approve under applicable law. The Board of Directors of the Bank at its meeting held on April 27, 2024 has approved the same.
ICICI Bank is a leading private sector bank in India.
