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Anirudh Kamani of ICICI Home Finance sells ICICI Bank stake

As ICICI Bank hits a new high, ICICI Home Finance CEO Anirudh Kamani sells stock worth ₹21 million 

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Published 2 years ago on Nov 29, 2019 2 minutes Read

The ouster of Chanda Kochhar was a big blow to one of India’s largest private banks. Poor corporate governance meant the stock price of ICICI Bank took a beating, as fresh allegations continued to emerge against the once-revered CEO. But since Kochhar's resignation in October 2018, the shadow of financial misconduct has given way to renewed investor interest. In fact, ICICI Bank has risen 73% since then, to scale a 52-week high of Rs.518. It currently trades at Rs.510 and analysts at Morgan Stanley Research say there’s room for more upside. In their report, they state, “We s

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