ICICI Bank plans Rs 8,750 cr FPO
ICICI Bank has filed a red herring prospectus for public issue of equity shares of Rs 10 each for cash.
By INDIATIMES NEWS NETWORK |
MUMBAI: ICICI Bank has filed a red herring prospectus with the Securities and Exchange Board of India and Registrar of Companies, Ahmedabad, for public issue of equity shares of Rs 10 each for cash at a price to be determined by book building process.
The bank aims to garner Rs 8,750 crore from the issue, of which 5% will be reserved for shareholders on the books of the bank as on June 13, not holding shares over Rs 1 lakh in value on the basis of closing price on National Stock Exchange.
Other details relating to the issue will be announced in due course, the bank said in a notice to NSE.
At 12:34 pm, ICICI Bank shares were at Rs 921, up 0.21% over Tuesday's close.
The bank aims to garner Rs 8,750 crore from the issue, of which 5% will be reserved for shareholders on the books of the bank as on June 13, not holding shares over Rs 1 lakh in value on the basis of closing price on National Stock Exchange.
Other details relating to the issue will be announced in due course, the bank said in a notice to NSE.
At 12:34 pm, ICICI Bank shares were at Rs 921, up 0.21% over Tuesday's close.
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