ICICI Bank rose 0.17% to Rs 291.50 at 9:40 IST on BSE after the company said its board will meet on 12 September 2017 to consider fund raising by way of issuance of Basel III compliant bonds.
The announcement was made after market hours yesterday, 11 September 2017.Meanwhile, the S&P BSE Sensex was up 85.58 points, or 0.27%, to 31,967.74.
On the BSE, 18,942 shares were traded in the counter so far, compared with average daily volume of 11.91 lakh shares in the past one quarter. The stock had hit a high of Rs 293.50 and a low of Rs 290.50 so far during the day. The stock had hit a 52-week low of Rs 314.50 on 27 July 2017. The stock had hit a 52-week high of Rs 217.41 on 13 October 2016.
The stock had underperformed the market over the past one month till 11 September 2017, gaining 1.36% compared with 2.14% gains in the Sensex. The scrip had also underperformed the market in past one quarter, dropping 0.53% as against Sensex's 1.98% rise. The scrip had, however, outperformed the market in past one year, gaining 16.76% as against Sensex's 10.71% rise.
The large-cap private sector bank has equity capital of Rs 1283.17 crore. Face value per share is Rs 2.
ICICI Bank said that the committee of executive directors constituted by the board of the bank is scheduled to have a meeting on 12 September 2017 to consider fund raising by way of issuance of Basel III compliant unsecured subordinated perpetual additional tier 1 bonds in single/multiple tranches on private placement basis.
ICICI Bank's net profit fell 8.2% to Rs 2049 crore on 0.5% growth in total income to Rs 16847.04 crore in Q1 June 2017 over Q1 June 2016.
ICICI Bank is one of the leading private sector banks in India.
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