Explore Business Standard
ICICI Bank to raise $5bn
ICICI Bank to raise $5bn
The board of directors of ICICI Bank, which met today, approved a proposal to raise additional equity of around Rs 20,000 crore ($ 5 billion) by way of a public issue of shares in India and, subject to applicable regulations and necessary approvals, an issue of American Depositary Shares (ADSs) in the United States.
The board of directors of ICICI Bank, which met today, approved a proposal to raise additional equity of around Rs 20,000 crore ($ 5 billion) by way of a public issue of shares in India and, subject to applicable regulations and necessary approvals, an issue of American Depositary Shares (ADSs) in the United States.