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An announcement from Icici Bank ( (IBN) ) is now available.
On March 26, 2025, ICICI Bank Limited announced the approval of a Scheme of Arrangement for the delisting of shares of ICICI Securities Limited. The Stakeholders Relationship Committee of the bank approved the allotment of over 56 million equity shares to public shareholders of ICICI Securities, effective from the record date of March 24, 2025. These shares will be listed on major Indian stock exchanges and will hold equal status with existing shares, impacting the bank’s market operations and shareholder value.
More about Icici Bank
ICICI Bank Limited is a leading banking institution based in India, primarily engaged in providing a wide range of financial services including banking, investment, and insurance products. The bank operates extensively across India and has a significant presence in the financial markets, focusing on both retail and corporate clients.
YTD Price Performance: 5.70%
Average Trading Volume: 4,442,371
Technical Sentiment Signal: Sell
Current Market Cap: $111B
Learn more about IBN stock on TipRanks’ Stock Analysis page.