The board of directors of the bank approved the sale of 7,121,403 equity shares of ICICI Securities in a meeting today.
ICICI Bank said on Tuesday that it would sell 71.21 lakh shares or 2.21 per cent equity in ICICI Securities (ICICI Securities) through Offer for Sale (OFS). ICICI Bank said it would sell 2.21 per cent equity in ICICI Securities to meet the Minimum Public Shareholding, MPS criteria.
ICICI Bank, while giving information about this in the stock exchange filing, said that the board of directors of the bank approved the sale of 7,121,403 equity shares of ICICI Securities Limited for five rupees per share in its meeting held today. . 7,121,403 shares valued at 2.21 per cent stake in ICICI Securities.
Following the announcement of this sale, the stock of ICICI Securities (ICICI Securities Stock on BSE) on BSE closed at Rs 461.50, up 1.5 per cent on Tuesday. Market regulator Sebi on Tuesday cautioned ICICI Securities in its research reports to take reasonable care for accuracy.
