Black Creek Investment Management INC Has Lifted Holding in Icici Bk LTD (IBN)

October 13, 2018 - By Dolores Ford

ICICI Bank Limited (NYSE:IBN) Logo

Black Creek Investment Management Inc increased its stake in Icici Bk Ltd (IBN) by 9.43% based on its latest 2018Q2 regulatory filing with the SEC. Black Creek Investment Management Inc bought 3.08 million shares as the company’s stock rose 5.87% with the market. The institutional investor held 35.73 million shares of the commercial banks company at the end of 2018Q2, valued at $286.89 million, up from 32.65M at the end of the previous reported quarter. Black Creek Investment Management Inc who had been investing in Icici Bk Ltd for a number of months, seems to be bullish on the $27.17 billion market cap company. The stock increased 1.69% or $0.14 during the last trading session, reaching $8.43. About 16.46 million shares traded or 117.28% up from the average. ICICI Bank Limited (NYSE:IBN) has declined 1.10% since October 13, 2017 and is downtrending. It has underperformed by 16.72% the S&P500.

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