ICICI Bank shares jump over 4% on fund-raising plans

Shares of ICICI Bank Tuesday rose by over 4% after the company said it plans to raise Rs 25,000 crore in tranches by way of various instruments, including bonds.

The stock climbed 4.31% to settle at Rs 253.85 on BSE. During the day, it jumped 4.58% to Rs 254.50.

On NSE, it moved up by 4.35% to close at Rs 254.10.

The company added Rs 6,143.33 crore at Rs 1,47,645.33 crore in terms of market valuation.

On the volume front, 15.87 lakh shares of the company were traded at BSE and over 2 crore shares changed hands at NSE during the day.

In a regulatory filing yesterday, the bank said its annual general meeting will be held on July 11.

During the AGM, the bank will seek shareholders' nod to raise up to Rs 25,000 crore. The capital will be raised over one year from the date of passing of the resolution.