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Hot Pursuit
20-Apr-24
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ICICI Bank board to mull fund raising proposal
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ICICI Bank announced that its board will meet on 27 April 2024 to consider raising funds through issuance of debt securities.
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The company will raise funds by way of issuance of debt securities including by way of non-convertible debentures in domestic markets by way of private placement and issuance of bonds/notes/offshore certificate of deposits in overseas markets; and buyback of debt securities within the limits that the board is authorised to approve under applicable law.
ICICI Bank is a leading private sector bank in India. The bank had a network of 6,371 branches, 17,0.37 ATMs and cash recycling machines at 31 December 2023.
ICICI Bank reported 23.58% jump in net profit to Rs 10,271.54 crore on a 24.28% increase in total income to Rs 59,479.76 crore in Q3 FY24 as compared with Q3 FY23.
The scrip rose 1.04% to end at Rs 1,066.40 on Friday, 19 April on the BSE.
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