ICICI Bank rose 0.5% to Rs 262.50 at 9:25 IST on BSE after the bank said that its committee of executive directors will meet on 9 December 2016, to consider fund raising in single/multiple tranches.
The announcement was made after market hours yesterday, 6 December 2016.Meanwhile, the BSE Sensex was up 56.96 points, or 0.22%, to 26,449.72.
On the BSE, 24,000 shares were traded in the counter so far, compared with average daily volume of 14.97 lakh shares in the past two weeks. The stock had hit a high of Rs 263 and a low of Rs 261.95 so far during the day.
ICICI Bank announced that the committee of executive directors of the bank is scheduled to have a meeting on 9 December 2016, to consider fund raising in single/multiple tranches in any currency through public/private placement by way of issuances of debt instruments etc. for the remaining period of the financial year ending 31 March 2017 (FY 2017).
ICICI Bank's net profit rose 2.4% to Rs 3102.27 crore on 41.3% rise in total income to Rs 22759.08 crore in Q2 September 2016 over Q2 September 2015.
ICICI Bank is one of the leading private sector banks in India.
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