ICICI Bank fixed May 19 as the record date for ascertaining the eligible shareholders of Sangli Bank, which was merged with the country's largest private sector lender in April.
The eligible shareholders of Sangli Bank would be entitled to the shares of ICICI Bank Ltd in the ratio of 100 equity shares of Rs 10 each of ICICI Bank for every 925 equity shares of the same value held by them in the Sangli Bank, ICICI bank informed the Bombay Stock Exchange.
The ICICI Bank is expected to issue 3.46 million equity shares of the face value of Rs 10 each against SBL's 31.96 million equity shares of the face value of Rs 10 each.
The new shares to be issued would be listed
on Bombay Stock Exchange as well as National Stock Exchange of India, it added.