ICICI Bank to raise $5bn
Last Updated : Apr 28 2007 | 12:00 AM IST
The board of directors of ICICI Bank, which met today, approved a proposal to raise additional equity of around Rs 20,000 crore ($ 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.