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ICICI Bank jumps on getting nod to raise Rs 10.80 billion on private placement basis

25 Sep 2017 Evaluate

ICICI Bank is currently trading at Rs. 278.55, up by 1.45 points or 0.52% from its previous closing of Rs. 277.10 on the BSE.

The scrip opened at Rs. 278.80 and has touched a high and low of Rs. 279.20 and Rs. 275.60 respectively. So far 155450 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 314.50 on 27-Jul-2017 and a 52 week low of Rs. 217.41 on 13-Oct-2016.

Last one week high and low of the scrip stood at Rs. 295.40 and Rs. 275.30 respectively. The current market cap of the company is Rs. 178068.53 crore.

The institutions and non-institutions held 87.55% and 12.45% stake in the bank, respectively.

ICICI Bank has received an approval for the allotment of 10,800 Basel III compliant unsecured subordinated perpetual Additional Tier 1 bonds aggregating Rs 10.80 billion on private placement basis. The notes carry a coupon of 8.55% p.a. payable annually and were issued at par. The bonds would be listed in the Wholesale Debt Market segment of BSE and/or National Stock Exchange of India. The Committee of Executive Directors of the Bank at its meeting held on September 20, 2017 has approved the same.

ICICI Bank is India’s largest private sector bank by consolidated assets. The Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of investment banking, life and non-life insurance, venture capital and asset management.

ICICI Bank Share Price

1350.55 28.55 (2.16%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 794.05
ICICI Bank 1350.55
Axis Bank 1353.75
Kotak Mahindra Bank 372.15
Indusind Bank 819.60
View more..

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