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Tuesday, 20 June 2017

ICICI Bank investors have received double bonanza on Tuesday in terms of two corporate actions. The bank has announced bonus issue in the ratio of 1:10 and dividend of 125% on its face value of Rs 2.

ICICI Bank goes ex-bonus today wherein shareholders of the company will get one equity share of Rs 2 each for every ten fully paid up equity shares held (i.e. ratio of 1:10).

The bank stock is top gainer in Bank Nifty index, trading higher by 1.5% at Rs 293.55 per share. Meanwhile, Bank Nifty index was trading marginally lower by 19 points at 23723 level. Nifty was trading marginally higher by 12 points and Sensex was trading higher by 53 points at 31364 level on Tuesday.

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