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BlackRock Emerging Markets Fund buys ICICI Bank shares worth Rs 1,155 crore

01 Jun 2017 Evaluate

BlackRock Emerging Markets Fund has picked up about 3.54 crore shares of private sector lender ICICI Bank for an estimated Rs 1,155 crore through an open market transaction. The shares were bought on an average price of Rs 326.33 apiece.

BlackRock, a leading providers of investment, advisory and risk management solutions, has an assets under management totalled $5.4 trillion as on March 31, 2017.

ICICI Bank is India’s largest private sector bank by consolidated assets. For the quarter ended March 31, 2017, ICICI Bank's standalone net profit jumped to Rs 2,024.64 crore from Rs 701.89 crore in the year-ago period.

Peers
Company Name CMP
HDFC Bank 703.80
ICICI Bank 1357.00
Axis Bank 1243.90
Kotak Mahindra Bank 440.80
Indusind Bank 876.25
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