ICICI Bank on Monday said it plans to raise Rs 25,000 crore in tranches by way of various instruments including bonds.
In a regulator filing, the banks informed its Annual General Meeting will be held on July 11.
During the AGM, the bank will seek shareholders nod to raise up to ICICI Bank plans to raise Rs 25,000 crore25,000 crore. The capital will be raised over a period of one year from the date of passing of the resolution.
ICICI Bank further said it plans to raise the money by way of issue of non-convertible securities including but not limited to bonds and non-convertible debentures in one or more tranches.
The bank at its previous AGM on June 29, 2015 had approved a limit of ICICI Bank plans to raise ICICI Bank plans to raise Rs 25,000 crore for borrowings through various securities including bonds and non-convertible debentures on private placement basis.
ICICI Bank said it has borrowed Rs 6,500 crore by way of issue of non-convertible debentures on private placement basis since the last AGM till May 13, 2016.