ICICI Bank in Rs 1 trillion M-cap club

ICICI Bank joined the Rs 1 trillion market capitalisation club today.

ICICI Bank has become the eighth company on the bourses to cross the Rs 1,00,000 crore mark on the back of the recent listing of its fresh 5.81 crore equity shares on the bourses.

Reliance Industries, Reliance Communications, ONGC, Bharti Airtel, NTPC, Infosys and TCS have already crossed the milestone.

The bank's market capitalisation was Rs 1,02,965 crore after its shares closed at Rs 970.45 on the BSE today. The scrip had surged to an intra-day high of Rs 985 today.

ICICI Bank had raised over Rs 5,400 crore in a follow-on public offer.