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ICICI Bank gains on plan to raise funds for infrastructure and affordable housing

18 Mar 2016 Evaluate

ICICI Bank is currently trading at Rs. 228.90, up by 1.35 points or 0.59% from its previous closing of Rs. 227.55 on the BSE.

The scrip opened at Rs. 228.50 and has touched a high and low of Rs. 229.90 and Rs. 226.25 respectively. So far 364383 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 342.00 on 19-Mar-2015 and a 52 week low of Rs. 180.80 on 26-Feb-2016.

Last one week high and low of the scrip stood at Rs. 235.40 and Rs. 217.30 respectively. The current market cap of the company is Rs. 133099.61 crore.

The institutions and non-institutions held 87.86% and 12.13% stake in the bank, respectively.

ICICI Bank is planning to raise funds to finance infrastructure and affordable housing by issuing long-term bonds through debentures. The bank has periodically evaluates borrowing opportunities through various instruments and is currently evaluating issuance of long-term bonds in the nature of debentures for lending to long-term projects in infrastructure and affordable housing on a private placement basis. 

ICICI Bank is India's largest private sector bank with consolidated total assets of $ 132.17 billion at March 31, 2015. The Bank's subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms.

 

Peers
Company Name CMP
HDFC Bank 710.20
ICICI Bank 1341.60
Axis Bank 1248.50
Kotak Mahindra Bank 431.25
Indusind Bank 906.95
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