/ ICICI Bank Approves Sale Of A Part Of Its Shareholding In ICICI Lombard ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 5 June 2017

ICICI Bank, in a BSE filing on Monday, said that the board of directors of the bank has approved the sale of a part of its shareholding in ICICI Lombard General Insurance Company Limited in an initial public offering by the Company, subject to requisite approvals and market conditions. The size and other details of the offer would be determined in due course, it said.

ICICI Bank Ltd ended at Rs 319.65, up by Rs 1.6 or 0.5% from its previous closing of Rs 318.05 on the BSE.The scrip opened at Rs 318.9 and touched a high and low of Rs 321.4 and Rs 318.2 respectively. A total of 9272167(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 185357.6 crore.
 
 
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