ICICI Bank - Board approves Sub-division of Equity Shares
09/09/2014 16:26
ICICI Bank Ltd has informed BSE that the Board of Directors of the Bank at its meeting held on September 09, 2014, has considered and approved the sub-division of one equity share of the Bank having face value of Rs. 10/- each into five (5) Equity Shares of face value of Rs. 2/- each and consequential alteration in the relevant clauses relating to capital of the Memorandum of Association and Articles of Association of the Bank.
The sub-division of Equity Shares will be subject to approval of the Members and other statutory and regulatory approvals as may be applicable.
Pursuant to the sub-division of Equity Shares, additional proportionate American Depository Shares (ADS) would be issued to maintain the ratio of one ADS to two equity shares.
In this regard, the Bank has issued a Press Release dated September 09, 2014 titled "ICICI Bank Board approves stock split".
09/09/2014 16:26
ICICI Bank Ltd has informed BSE that the Board of Directors of the Bank at its meeting held on September 09, 2014, has considered and approved the sub-division of one equity share of the Bank having face value of Rs. 10/- each into five (5) Equity Shares of face value of Rs. 2/- each and consequential alteration in the relevant clauses relating to capital of the Memorandum of Association and Articles of Association of the Bank.
The sub-division of Equity Shares will be subject to approval of the Members and other statutory and regulatory approvals as may be applicable.
Pursuant to the sub-division of Equity Shares, additional proportionate American Depository Shares (ADS) would be issued to maintain the ratio of one ADS to two equity shares.
In this regard, the Bank has issued a Press Release dated September 09, 2014 titled "ICICI Bank Board approves stock split".
