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ICICI Bank gets nod to sell partial stake in ICICI Securities

07 Nov 2017 Evaluate

ICICI Bank has received its board’s approval to sell part of its shareholding in ICICI Securities in an initial public offering (IPO) by the Company, subject to requisite approvals and market conditions. The size and other details of the offer would be determined in due course. The company’s board gave approval for the same at its meeting held on November 7, 2017.

ICICI Bank is the first bank in the country to leverage on Apple’s virtual voice assistant to enable cross border remittances.

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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