The fall in the ICICI Bank counter came after Bloomberg reported that it was planning to raise as much as $3 billion in a share sale to improve its capital ratios. (Shutterstock)ICICI Bank could be the next lender to mop up funds as reports of the bank planning to raise up to Rs 23,000 crore sent its shares crashing over 7 per cent on Wednesday. The fall in the ICICI Bank counter came after Bloomberg reported that it was planning to raise as much as $3 billion in a share sale to improve its capital ratios. This led to the ICICI Bank scrip hitting a day’s low of Rs 376.05 — a fall of nearly 8 per cent. Earlier this month, Kotak Mahindra Bank had mobilised Rs 7,442 crore through a qualified placement of shares.

Source: The Telegraph June 24, 2020 20:03 UTC