News Karnataka
Saturday, April 20 2024
Cricket
Business

ICICI Bank’s board okays sale of 2.2% stake in ICICI Securities

Photo Credit :

Mumbai: The Board of Directors of ICICI Bank on Tuesday approved the sale of up to 2.21 per cent shares in ICICI Securities to comply with the requirement of minimum public shareholding of the company.

The sale will be done through offer for sale (OFS) through the stock exchange mechanism.

“The Board of Directors of the bank approved the sale of up to 7,121,403 equity shares of face value Rs 5 each of ICICI Securities Ltd, representing up to 2.21 per cent of its issued and paid-up equity share capital, through an offer for sale through stock exchange mechanism, towards compliance with the requirement of minimum public float of the company,” ICICI Bank said in a filing.

On Tuesday, shares of ICICI Securities on the BSE closed at Rs 460.90, higher by Rs 6.20, or 1.36 per cent, from its previous close.

Share this:
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

To get the latest news on WhatsApp