ICICI Bank joins the Rs1-trillion club

ICICI Bank joins the Rs1-trillion club
PTI
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First Published: Mon, Jul 09 2007. 03 48 PM IST
Updated: Mon, Jul 09 2007. 03 48 PM IST
Mumbai: The country’s largest private lender ICICI Bank on 9 July joined the likes of Reliance Communications, Infosys and Tata Consultancy Services in the Rs one-trillion market valuation club.
ICICI Bank has become the eighth company on the bourses to cross the Rs1,00,000 crore mark on the back of recent listing of its fresh 5.81 crore equity shares on the bourses.
Reliance Industries, Reliance Communications, ONGC, Bharti Airtel, NTPC, Infosys and TCS and have already crossed this milestone.
The bank’s market capitalisation was at Rs1,03,003.37 crore when its share was trading at Rs970.75 down 1.13% on the Bombay Stock Exchange in the afternoon trade.
The scrip today reached an intra-day high of Rs985 on the exchange and a total of 6.87 lakh shares were traded by the afternoon session.
ICICI Bank regained the eighth position in terms of market cap, which it had lost briefly to realty major DLF after its recent listing of its shares.
DLF has slipped to the ninth rank with market cap of about Rs97,359 crore, with its shares being traded at Rs576 on the BSE during the morning trade.
ICICI Bank had raised over Rs5,400 crore in a follow-on public offer which had received robust investor response getting subscribed 11.50 times.
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First Published: Mon, Jul 09 2007. 03 48 PM IST