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ICICI Bank to raise $5bn

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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.

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