SEBI approves ICICI Bank''s public offer
By Our Markets Bureau | 22 Nov 2005
1
Mumbai: SEBI has given its approval to ICICI Bank's follow-on public offer (FPO). ICICI Bank Ltd had earlier filed its Red Herring prospectus with SEBI. With SEBI's approval in hand, ICICI Bank is now in the process of filing its Red Herring prospectus with the registrar of companies, Ahmedabad.
The bank has decided to reserve 5 per cent of the FPO for those shareholders whose equity does not exceed Rs100,000 in value (determined on the basis of the closing price of equity shares on National Stock Exchange) on the close of November 25, 2005.
Other details such as the price band, will be announced shortly.
