ICICI Bank Ltd.

ICICI Bank is currently trading at Rs. 1057.00, up by 0.65 points or 0.06% from its previous closing of Rs. 1056.35 on the BSE.

The scrip opened at Rs. 1055.00 and has touched a high and low of Rs. 1069.35 and Rs. 1047.10 respectively. So far 105920 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1231.00 on 31-Jan-2013 and a 52 week low of Rs. 767.00 on 18-May-2012.

Last one week high and low of the scrip stood at Rs. 1101.45 and Rs. 1026.10 respectively. The current market cap of the company is Rs. 122258.69 crore.

The Institutions and Non-Institutions held 62.00% and 8.94% stake in the bank respectively.

Four financial institutions, led by ICICI Bank, have launched a $2 billion Infrastructure Debt Fund (IDF), which would finance its first project by the end of next month. This is the first IDF in the form of NBFC and will commence operations very soon. The capital of Rs 300 crore has been contributed by the members.

Besides ICICI Bank, the other sponsors of the India Infra Debt are Bank of Baroda (BoB), Citi and LIC. The ICICI group has 31 percent, BOB 30 percent, Citi 29 percent and LIC has 10 percent stake in the IDF.

This fund can finance projects of up to $2 billion, exuding confidence that IDFs can emerge as additional channels for infrastructure funding.