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%.