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The issuance committee of board of administrators at ICICI Bank on Saturday accepted allotment of 41.89 crore equity shares of face worth Rs2 every to eligible certified institutional consumers.
The problem price was fastened at Rs358 per equity share, that’s at a premium of Rs356 per unit. The problem opened on August 10 and closed on August 14.
“Pursuant to the allotment of equity shares in the issue, the paid-up equity share capital of bank stands increased from Rs12,952,832,416 consisting of 6,476,416,208 equity shares of face value Rs2 each to Rs13,790,821,242 consisting of 6,895,410,621 equity shares of face value Rs2 each,” it mentioned in regulatory filings at inventory exchanges.
The names of allotees are Monetary Authority of Singapore (11.08%), Morgan Stanley Investment Management Inc (7.31%) and Societe Generale (5.55%),” mentioned the personal sector lender.
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