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Bloomberg Quint

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Image Credit: Bloomberg Quint

ICICI Bank Share Price Rises 3% Ahead Of Board Meeting On Fundraising Plans

  • ICICI Bank share price rose as much as 3% after the private sector lender stated that the board will consider fundraising plans via debt instruments at an upcoming meeting.
  • The bank may issue domestic and offshore debt securities and also evaluate the buyback of existing bonds.
  • The board meeting will also review the audited financial results for the March quarter and may propose a final dividend.
  • ICICI Bank stock rose 3% during the day and has a positive rating from the majority of analysts, with a 12-month consensus target price implying an upside of 12.8%.

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