ICICI denies talk top management selling bank's shares
Wednesday, Sep 17
.
NEW DELHI - ICICI Bank Ltd. today denied talk that its top
management has
been selling the bank's shares over the last few days. India's largest
private
sector bank said none of the members of its top management had sold
the bank's
shares in the current year.
"It has been brought to the notice of ICICI Bank that a malicious
rumour
is being spread to the effect that some of the top management have
been
selling ICICI Bank shares for the last few days. These rumours are
baseless
and irresponsible," a statement from the bank said.
ICICI Bank said it will report the matter to regulatory
authorities for
action against those responsible for rumours.
The bank's shares recouped some losses on the denial of share
sale. At
14:55 PM, the shares traded at 563.40 rupees on National Stock
Exchange, down
4.8% from close Tuesday but up from the intraday low of 530 rupees.
End
.
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