ICICI Bank Ltd announces proposal to raise funds through new non-convertible debt securities

ICICI Bank Ltd has taken the approval of shareholders at the Annual General Meeting held on June 29, 2015 for the Board/Committee of the Board to borrow by way of securities including but not limited to bonds and non-convertible debentures upto Rs. 50,000 crore on private placement basis.

Consequent to the above approval and authority delegated by the Board to the Committee of Executive Directors (COED), pursuant to Regulation 50(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to informed you that a proposal to raise funds through issuance of long term bonds in the nature of debenture for lending to long term projects in infrastructure and affordable housing on a private placement basis will be considered by the COED at any time within a period of 10 days commencing from February 18, 2016.

Shares of ICICI BANK LTD. was last trading in BSE at Rs.203.4 as compared to the previous close of Rs. 194.2. The total number of shares traded during the day was 2917420 in over 17557 trades.

The stock hit an intraday high of Rs. 207.15 and intraday low of 194. The net turnover during the day was Rs. 589713076.

Source : Equity Bulls

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