ICICI Bank Board Approves Five-for-One Stock Split

Mumbai: ICICI Bank Ltd, India's top private sector lender by assets, on Tuesday said its board had approved a five-for-one stock split. Each American depositary share (ADS) of ICICI Bank will continue to represent two underlying equity shares, the lender, which is also traded in New York, said in a statement. The number of ADSs will increase in proportion to the increase in equity shares, it said. The split is subject to shar...