ICICI Bank Shares Gain on Stock Split

ICICI Bank shares rose as much as 1.35 per cent to Rs 1,568 on Wednesday after the lender's board approved a five-for-one stock split yesterday. ICICI Bank shares outperformed the broader Bank Nifty, which traded 0.5 per cent lower. However, ICICI Bank's American Depositary Share 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 inc...