ICICI Bank board to consider proposal to raise capital on Wednesday
ICICI Bank's board will meet on Wednesday to discuss a proposal to raise funds by issuing equity shares to strengthen its financial position. While announcing its earnings for the fourth quarter and fiscal ended March 2020, ICICI Bank had said it will look at further strengthening the balance sheet as opportunities arise
The private sector lender said the fund raise proposal is subject to? shareholders' approval as well as regulatory and other approvals, as may be required. Source: Reuters