ICICI Bank fixes record date for Sangli Bank shareholders to receive company's shares

ICICI Bank Ltd has announced that in terms of the Scheme of Amalgamation of The Sangli Bank Ltd with ICICI Bank Ltd approved by Reserve Bank of India effective April 19, 2007, May 19, 2007 has been fixed as the Record Date for the purpose of ascertaining the shareholders of The Sangli Bank Ltd who shall be entitled to the shares of ICICI Bank Ltd in the ratio of 100 equity shares of Rs 10/- each of ICICI Bank Ltd for every 925 equity shares of Rs 10/- each held by them in The Sangli Bank Ltd.

The stock closed the day at Rs.855.35, down by Rs.16.75 or 1.92%. The stock hit an intraday high of Rs.878 and low of Rs.852.15. The total traded quantity was 429585 shares compared to 2 week average of 471156.

Source : Equity Bulls

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