OFS floor price fixed at Rs 440 a share. If fully subscribed, ICICI Bank will be able to raise at least Rs 313 crore


ICICI Bank  | ICICI Securities | Markets

BS Reporter  | 

Private sector lender will offload 2.21 per cent stake in ICICI Securities, its broking and investment banking arm.

The share sale will take place through the offer for sale (OFS) route on December 9 and 10.

The floor price for the OFS has been fixed at Rs 440 per share. If fully subscribed, will be able to raise at least Rs 313 crore. Shares of ended at Rs 461 on Tuesday.

Currently, holds about 77.2 per cent stake in The share sale will help the bank comply with the minimum public shareholding norms. had come with an IPO in March 2018. The issue was priced at Rs 520 per share.

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First Published: Tue, December 08 2020. 19:30 IST

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