ICICI Bank board approves fund raising of Rs250 billion; Stock gains ~1%

25 Apr 2022 , 09:16 AM

The Board of Directors of ICICI Bank Ltd at its Meeting held on April 23, 2022 has approved the fund raising by way of issuances of debt securities including by way of non-convertible debentures in domestic markets upto an overall limit of Rs250 billion, by way of private placement and issuances of bonds / notes / offshore certificate of deposits in overseas markets upto USD 1.50 billion in single / multiple tranches for a period of one year, from the date of passing of resolution by the Board.

In addition, the Board also recommended a dividend of Rs5/- per equity share of face value of Rs2/- each, subject to requisite approvals, informed the Bank in a regulatory filing.

On Monday early trade, ICICI Bank was trading higher by 0.84% at Rs753.60 per piece on the BSE.