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ICICI Bank gains on plan of raising funds for expansion

07 Dec 2016 Evaluate

ICICI Bank is currently trading at Rs. 262.70, up by 1.50 points or 0.57% from its previous closing of Rs. 261.20 on the BSE.

The scrip opened at Rs. 262.50 and has touched a high and low of Rs. 263.25 and Rs. 261.95 respectively. So far 110276 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 298.20 on 10-Nov-2016 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. 267.95 and Rs. 256.10 respectively. The current market cap of the company is Rs. 152957.13 crore.

The institutions and non-institutions held 87.77% and 12.24% stake in the bank, respectively.

In order to fund business expansion, ICICI Bank is planning to raise funds through bonds in the next three months. The board of the bank will meet on December 9 to take a call on fund raising. The bank proposes fund raising in single or multiple tranches in any currency through public or private placement by way of issuances of debt instruments for remaining period of 2016-17.

ICICI Bank is India’s largest private sector bank with consolidated total assets of $138.67 billion as of March 31, 2016. Its subsidiaries include India’s leading private sector insurance companies, securities brokerage firm and mutual fund. The bank’s presence currently spans 17 countries, including India.

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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