62nd Day Of Lockdown

Maharashtra50231146001635 Tamil Nadu162778324112 Gujarat140636412858 Delhi134186540261 Rajasthan70283848163 Madhya Pradesh66653408290 Uttar Pradesh62683538161 West Bengal36671339272 Andhra Pradesh2780184156 Bihar257470211 Karnataka208965442 Punjab2060189840 Telangana1854109253 Jammu and Kashmir162180921 Odisha13365507 Haryana118476516 Kerala8485206 Assam393584 Jharkhand3701484 Uttarakhand317583 Chandigarh2621794 Chhatisgarh252640 Himachal Pradesh203594 Tripura1941650 Goa66160 Puducherry41120 Manipur3220 Meghalaya14121 Arunachal Pradesh210 Mizoram110 Sikkim100
Business Companies 07 Nov 2017 ICICI Bank board oka ...

ICICI Bank board okays part stake sale in ICICI Securities IPO

PTI
Published Nov 7, 2017, 6:50 pm IST
Updated Nov 7, 2017, 6:50 pm IST
ICICI Bank shares traded 1.79 per cent down at Rs 310.50 on BSE.
The lender said the size and other details of the offer would be determined in due course.
 The lender said the size and other details of the offer would be determined in due course.

New Delhi: Private sector ICICI Bank on Tuesday said its board has approved a proposal to sell part-stake in fully-owned broking business subsidiary ICICI Securities through an initial public offer (IPO).

It, however, did not mention the size of the stake it wants to divest.

 

"The board of directors of the bank on Tuesday approved the sale of a part of its shareholding in ICICI Securities Ltd (the Company) in an initial public offering by the Company, subject to requisite approvals and market conditions," ICICI Bank said in a regulatory filing.

The lender said the size and other details of the offer would be determined in due course.

The broking arm of the bank offers services such as investment banking, institutional broking, retail broking, private wealth management and financial product distribution.

The Mumbai-headquartered company operates out of 66 cities and towns across the country and has global offices in Singapore and New York.

ICICI Bank shares traded 1.79 per cent down at Rs 310.50 on BSE.  

...
Location: India, Delhi, New Delhi




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT