ICICI Bank hopes to raise $2 Billion from Share Sale to Public

ICICI Bank hopes to generate $2 billion by launching an Institutional Share sale.

Last week, Axis Bank, HDFC Ltd and several other companies launched new shares on in the market. ICICI Bank will be the next to join them by launching an Institutional Share sale.
From the share sale, ICICI Bank hopes to generate $2 billion or 15 Crore INR. This is being done in an attempt to bolster the balance sheet for 2020, which is taking a beating owing to the pandemic.
Last year the Company’s balance sheet stood at ₹1,908.03 Crore close to the first half.
The Bank’s overall financial position is looking good considering the net interest income raise of 20%.

Subscribe to our newsletter
Subscribe to our newsletter
Sign up here to get the latest news delivered directly to your inbox.
You can unsubscribe at any time