ICICI Bank’s board has approved raising of funds for an amount aggregating up to Rs 15,000 crore, in one or more tranches, on such terms and conditions as it may deem fit, by way of issuance of Securities, through one or more permissible mode(s) including but not limited to a private placement, preferential issue, qualified institutions placement, follow-on public offering or a combination thereof. The Board of Directors of the bank at its meeting held on July 8, 2020 has approved the same.
ICICI Bank is a leading private sector bank in India.
