ICICI Bank Ltd approves sale of 2% in ICICI Prudential Life Insurance Company Ltd

The Board of Directors of ICICI Bank Ltd today approved the sale of up to 28,711,100 shares, representing up to 2% of the issued and the paid-up equity share capital of ICICI Prudential Life Insurance Company Limited ('Company') in one or more tranches, in any manner permissible under applicable law, including through an 'offer for sale by promoters through stock exchange mechanism' ('OFS'), as may be permitted and in the manner specified by the Indian regulatory authorities.

Shares of ICICI BANK LTD. was last trading in BSE at Rs.290.65 as compared to the previous close of Rs. 287.25. The total number of shares traded during the day was 837243 in over 4690 trades.

The stock hit an intraday high of Rs. 292.75 and intraday low of 286.35. The net turnover during the day was Rs. 243156398.

Shares of ICICI Prudential Life Insurance Company Ltd was last trading in BSE at Rs.410.25 as compared to the previous close of Rs. 421.95. The total number of shares traded during the day was 168386 in over 2709 trades.

The stock hit an intraday high of Rs. 426 and intraday low of 406.2. The net turnover during the day was Rs. 69670167.

Source : Equity Bulls

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