ICICI Bank’s board to mull raising funds on July 8

The board will discuss and consider the proposal of raising funds by "issue of equity shares and/or other equity linked securities, through permissible mode(s) including but not limited to a private placement, preferential issue, qualified institutions placement, further public offer, etc., or any combination thereof", the bank said in a regulatory filing on Sunday.

ICICI Bank sells 3.96% stake in ICICI Lombard

Earlier on May 9, while presenting results for quarter ended March 2020, the private lender had stated that it would look at further strengthening the balance sheet as opportunities arise.