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ICICI Bank gains on the buzz of its plan to sell Home Finance arm for $700 million

10 Jul 2015 Evaluate

ICICI Bank is currently trading at Rs. 311.10, up by 1.95 points or 0.63% from its previous closing of Rs. 309.15 on the BSE.

The scrip opened at Rs. 313.40 and has touched a high and low of Rs. 314.85 and Rs. 311.10 respectively. So far 4,80,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 393.30 on 28-Jan-2015 and a 52 week low of Rs. 266.90 on 14-Jul-2014.

Last one week high and low of the scrip stood at Rs. 318.00 and Rs. 305.35 respectively. The current market cap of the company is Rs. 1,81,090.00 crore.

The Institutions and Non-Institutions held 62.78% and 8.16% respectively.

ICICI Bank, the country’s largest private sector lender, is reportedly planning to sell its housing finance arm, ICICI Home Finance, to investors such as private equity funds. The bank may be expecting a valuation of around $700 million from this transaction.  Citibank has the mandate for the transaction. The bank had invited the investment bank to pitch for the mandate three months ago and the decision to appoint Citibank was taken about a fortnight back.

ICICI Bank is India’s largest private sector bank with consolidated total assets of $124.76 billion at March 31, 2014. ICICI Bank’s subsidiaries include India’s leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms.


ICICI Bank Share Price

1347.50 2.05 (0.15%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 799.90
ICICI Bank 1347.50
Axis Bank 1359.15
Kotak Mahindra Bank 383.50
Indusind Bank 853.15
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