ICICI Bank Ltd. on Friday said that its board at its meeting scheduled on April 19, 2025, will consider raising funds by way of issuance of debt securities. However, it did not mention the amount that it plans to raise.
The instruments that may be considered for the fundraise may include "non-convertible debentures in domestic markets by way of private placement and issuance of bonds, notes, or offshore certificates of deposit in overseas markets", the bank's exchange filing stated.
It will also consider "buyback of debt securities within the limits that the Board is authorised to approve under applicable law”.
Earlier, on March 21, the private sector lender had intimated about its board meeting to consider and approve the audited financial results—both standalone and consolidated—for the quarter and year ended March 31, 2025.
At the meeting, the company's board will also recommend a dividend, if any, for the financial year ended March 31, 2025.
In that filing, the bank had also stated that the trading window for dealing in the securities of the bank will remain closed for all designated persons of the bank, including directors and their immediate relatives, from April 1, 2025, to April 21, 2025.
Shares of ICICI Bank Ltd. closed 0.87% higher at Rs 1,311.85 apiece on the BSE, compared to a 1.77% advance in the benchmark Sensex.
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