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ICICI Bank climbs on planning to raise funds

06 Jul 2020 Evaluate

ICICI Bank is currently trading at Rs. 364.65, up by 3.65 points or 1.01% from its previous closing of Rs. 361.00 on the BSE.

The scrip opened at Rs. 368.00 and has touched a high and low of Rs. 368.00 and Rs. 362.70 respectively. So far 169539 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 552.40 on 30-Dec-2019 and a 52 week low of Rs. 269.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 370.75 and Rs. 338.50 respectively. The current market cap of the company is Rs. 233782.04 crore.

The Institutions and Non-Institutions held 88.70% and 11.31% stake respectively in the company.

ICICI Bank is planning to raise funds by issue of equity shares and/or other equity linked securities, through permissible mode(s) including but not limited to a private placement, preferential issue, qualified institutions placement, further public offer, etc., or any combination thereof. A meeting of the Board of Directors of the Bank will be held on July 8, 2020, to discuss and consider the same.

ICICI Bank is a leading private sector bank in India.

Peers
Company Name CMP
HDFC Bank 717.00
ICICI Bank 1352.00
Axis Bank 1220.35
Kotak Mahindra Bank 409.60
Indusind Bank 957.60
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