Shares of ICICI Bank rose by 2 per cent today after the company approved sub-division of one equity share into five with the aim to increase liquidity of the scrip.
The country's largest private sector bank ended the day with a gain of 1.53 per cent at Rs 1,571.40 on the BSE. In intra-day session, it went up by 1.95 per cent to Rs 1,578.
At the NSE, it gained 2.02 per cent to settle at Rs 1,576.95.
In terms of volumes, 2.98 lakh shares of the company changed hands at the BSE, while over 25 lakh shares were traded at the NSE during the day.
"The board of directors of ICICI Bank has considered and approved the sub-division (split) of one equity share of the bank having a face value of Rs 10 into five equity shares of face value of Rs 2 each," ICICI had said in a statement yesterday.
The bank said the sub-division of shares will be subject to approval by the shareholders and regulatory approvals.
Accordingly, the record date for sub-division of shares will be announced in due course, it had said.
