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ICICI Bank sells 2% stake in ICICI Securities for Rs 310 crore

29 Aug 2020 Evaluate

ICICI Bank has sold 2 per cent stake in its subsidiary firm ICICI Securities (I-Sec) through an open market transaction for Rs 310 crore. ICICI Bank, the promoter of I-Sec, has divested 64,42,000 equity shares of the face value of Rs 5 each of the company on the stock exchange for an approximate total consideration of Rs 3.10 billion.

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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