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NEW DELHI :
Shares of ICICI Bank on Tuesday gained 3% after the corporate set a ground value of ₹351.36 per share for its proposed share sale to lift as much as ₹15,000 crore.
The inventory rose by 2.90% to ₹374.15 on the BSE.
It jumped 2.95% to ₹374.30 on the NSE.
The ground value for the certified institutional placement (QIP) of shares is at a reduction of over 3% to Monday’s shut of ₹363.60 on the BSE.
The financial institution’s issuance committee, which met on Monday night, determined to open the difficulty instantly and set the ground value of ₹351.36 per share, in keeping with a regulatory submitting by the lender.
The committee will meet once more this Friday to find out the difficulty value for the fairness shares to be allotted to certified institutional consumers, pursuant to the difficulty.
The financial institution will likely be becoming a member of a slew of lenders, together with largest pure-play mortgage lender HDFC which raised ₹14,000 crore final week, and likewise others like Axis Bank and Kotak Mahindra Bank, who’ve raised capital because the system braces for a mortgage impairment affect.
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