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ICICI Bank gains on raising stake in IVRCL to 11.43%

20 Apr 2016 Evaluate

ICICI Bank is currently trading at Rs. 237.45, up by 0.70 points or 0.30 % from its previous closing of Rs. 236.75 on the BSE.

The scrip opened at Rs. 238.95 and has touched a high and low of Rs. 239.40 and Rs. 234.90 respectively. So far 360861 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 337.35 on 06-May-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. 244.10 and Rs. 224.10 respectively. The current market cap of the company is Rs. 138028.78 crore.

The Institutions and Non-Institutions held 87.86% and 12.13% respectively.

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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