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ICICI Bank raises stake in IVRCL to 11.43%

18 Apr 2016 Evaluate

ICICI Bank has increased its holding in the debt-laden IVRCL to 11.43% by acquiring a fresh 39.91 million shares amounting to 7.3% of the equity share capital of the company. Prior to the fresh acquisition, the bank held 22.57 million equity shares or 5.03% of the total equity capital at that point of time.

The bank has acquired the shares on a cumulative basis under the terms of the Strategic Debt Restructuring (SDR) between June 25, 2015 to April 13, 2016.

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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