present. The number of ADSs held by an American Depositary Receipt holder would consequently increase in proportion to the increase in number of equity shares," it added.
The private sector lender further said the sub-division of shares will be subject to approval by the shareholders, which will be sought by postal ballot, and any other applicable statutory and regulatory approvals.
Accordingly, it will announce the record date for sub-division of shares in due course.
The scrip of ICICI Bank, which announced stock split after market hours, declined 1.31 percent to close at Rs 1,547.70 on the BSE.
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