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ICICI Bank gets nod to sell stake in ICICI Securities

08 Dec 2020 Evaluate

ICICI Bank has received approval from board of directors for sale up to 7,121,403 equity shares of face value Rs 5 each of ICICI Securities representing up to 2.21% of its issued and paid-up equity share capital, through an offer for sale through stock exchange mechanism, in accordance with applicable law, towards compliance with the requirement of minimum public float of ICICI Securities. The board of directors of the bank at its meeting held on December 08, 2020 has approved the same.

ICICI Bank is a leading private sector bank in India.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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