1 min read.Updated: 16 Jun 2021, 11:15 AM ISTLivemint
On April 24, ICICI Bank's board of directors had approved the fund-raising through the issuance of debt securities
Mumbai: Private sector lender ICICI Bank has raised more than ₹2,827 crore by issuing bonds on a private placement basis. This comes after the lender's board of directors approved fundraising through the issuance of debt securities in April.
On April 24, the bank's board of directors had approved the fund-raising through the issuance of debt securities. Pursuant to the same, the bank has allotted 28,274 senior unsecured redeemable long-term bonds in the nature of debentures aggregating to ₹2,827.40 crore on a private placement basis," said the lender in regulatory filings at stock exchanges.