ICICI Bank nears 52-week high on stock split

The stock of ICICI Bank rose near its 52-week high on Thursday after subdivision of shares.

On 21 November 2014, the bank informed the BSE that the bank has fixed record date as December 05, 2014 for the purpose of ascertaining the eligible shareholders who would be entitled to receive 5 (Five) equity shares of nominal value of Rs. 2/- each in lieu of 1 (One) equity share of nominal value of Rs 10 each of the Bank.

Hence, a person holding 10 shares would receive 50 shares of the bank.

The stock closed 0.90 per cent higher at Rs 361 on the BSE. In early trade, the stock rose to Rs 365.9, near its 52-week high of 366.30.