ICICI BANK LTD. - Board approves Sub-division of Equity Shares

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09 Sep 2014
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.<br/><br/>The sub-division of Equity Shares will be subject to approval of the Members and other statutory and regulatory approvals as may be applicable.<br/><br/>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.<br/><br/>In this regard, the Bank has issued a Press Release dated September 09, 2014 titled "ICICI Bank Board approves stock split".
View all announcements for ICICI BANK LTD.	Source: BSE India

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