ICICI Bank to consider fundraising via debt this week

Indian multinational banking and financial services company, ICICI Bank Limited, announced that its board would consider the issue of fundraising via debt securities, this week.

In an exchange filing made on May 4 after the market hours, ICICI Bank informed that the board of the bank is set to consider fundraising in its meeting scheduled to take place on May 9, 2020 (Saturday). The company said that the board would consider fundraising by way of issuance of debt securities including non-convertible debentures (NCDs), bonds, notes, offshore certificate of deposits in single or multiple tranches in any currency through public or private placement.  

Apart from this, the board of the bank will also consider the approval of the audited financial results for the quarter and year ended March 31, 2020.

Headquartered in Mumbai (Maharashtra), with its registered office in Vadodara (Gujarat), ICICI Bank is the second-largest bank in India in terms of assets and market capitalisation, as of 2018.

At 11.02 am on Tuesday, the stock of ICICI Bank Ltd is trading at Rs 342.30, up by 1.20 per cent against its previous close of Rs 338.25. Its 52-week high is Rs 552.40 while, its 52-week low is Rs 269.00 on BSE.