Technical Analysis

Thursday, September 18, 2008

ICICI Bank denies talk of share sale by top management
17 Sep, 2008.

MUMBAI: ICICI Bank has dubbed rumours about top management selling the company’s shares over the last few days as baseless and irresponsible.

No shares have been sold by members of the top management of the bank during the current year, the bank said in a release.

ICICI Bank is taking up this matter with regulatory authorities for necessary action against those responsible for the rumours.

Towards end of Wednesday’s trade, ICICI Bank shares were down 4.92 per cent at Rs 362.25 on BSE. The stock had fallen to a low of Rs 530 earlier.
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