IDFC First, Kotak Mahindra, ICICI Bank shares rose over 2%, Here to know why
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Three Private Sector Lenders, ICICI Bank, Kotak Mahindra and IDFC First Bank shares surge significantly amid the banks have announced to hold board meeting for certain specified reasons related to dividends, financial performance and raising of funds etc.
IDFC First Bank:
The Board of Directors of the Bank is scheduled to be held on Thursday, April 17, 2025, interalia, to consider and if thought fit, to approve the proposal for raising of funds by way of issue of eligible securities of the Bank on preferential basis, in accordance with the provisions of the Companies Act, 2013, Securities and Exchange Board of India.
Shares of IDFC First Bank are trading higher by 2.97% at Rs 61.70.
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Kotak Mahindra Bank:
Additionally, the meeting of the Board of Directors of Kotak Mahindra Bank Limited will be held on Saturday, May 3, 2025 to, inter alia:
consider and approve the Standalone and Consolidated Audited Financial Results of the Bank for the quarter / financial year ended March 31, 2025; and recommend dividend, if any, on equity shares, for the financial year ended March 31, 2025.
Shares of Kotak Mahindra Bank are trading higher by 0.26% at Rs 2,116.60.
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The Board of the ICICI Bank has announced to hold meeting on April 19, 2025 will also consider, inter-alia, “fund raising by way of issuance of debt securities including by way of non-convertible debentures in domestic markets by way of private placement and issuance of bonds/notes/offshore certificate of deposits in overseas markets; and buyback of debt securities within the limits that the Board is authorized to approve under applicable law.”
Shares of ICICI Bank are trading higher by 2.77% at Rs 1348.
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