ICICI hai na!
In what can be called one of the largest IPOs to hit the I
ndian bourses, ICICI Bank recently indulged in share sale and raised Rs.175 billion (the offer and American Depositary Receipts contributed equally to that figure). Moreover, the bank is mulling exercising the green-shoe option and raising another Rs.26.25 billion. The issue was oversubscribed two times within two hours of its listing and 11.5 times in total. SBI has put in a $1.3 billion bid for its FPO. According to K.V. Kamath, CEO, ICICI Bank, the money raised from the issue will help ICICI to augment the bank’s lending portfolio especially in rural and international markets.
For Complete IIPM Article, Click on IIPM Article
ndian bourses, ICICI Bank recently indulged in share sale and raised Rs.175 billion (the offer and American Depositary Receipts contributed equally to that figure). Moreover, the bank is mulling exercising the green-shoe option and raising another Rs.26.25 billion. The issue was oversubscribed two times within two hours of its listing and 11.5 times in total. SBI has put in a $1.3 billion bid for its FPO. According to K.V. Kamath, CEO, ICICI Bank, the money raised from the issue will help ICICI to augment the bank’s lending portfolio especially in rural and international markets.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
Labels: Arindam Chaudhuri, Guru and Economist, Guru Arindam Chaudhuri, IIPM, IIPM-Article, Management Guru, renowned management guru
Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-
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