Sebi has found trading patterns in the shares of ICICI Bank during the period to be “consistent with the shareholding pattern of ICICI with predominant holdings by FIIs, the general buying and selling behaviour by FIIs and the broad movements of the market…”
ICICI Bank had a market capitalization of Rs35,649.25 crore at end of trading on Thursday. The share price, which closed at Rs320.35, has fallen 42.83% since 17 September.
—Khushboo Narayan
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Olympics 2012: search begins for new sponsors
Beijing: The International Olympic Committee (IOC) has lost another sponsor and is struggling to find replacements because of the financial crisis.
Johnson and Johnson (J&J), the world’s largest health care company, this week dropped out of the so-called TOP sponsorship programme that included 12 companies for the Beijing Olympics. For the next cycle through London 2012, nine companies are signed up.
“We are working with possible new sponsors for this programme,” Gerhard Heiberg, chairman of the IOC’s marketing commission, said in an email.
Lenovo Group Ltd, Manulife Financial Corp. and Eastman Kodak Co. also ended their contracts after the Beijing Games. Acer Inc., the world’s third largest computer supplier, signed up to replace Lenovo in December 2007.
The TOP sponsors, which include the Coca-Cola Co. and General Electric Co., paid an average $72 million (Rs363.6 crore) for the rights to associate their brands globally with the five-ringed Olympic logo over a four year period including the 2006 Torino and 2008 Beijing Olympics. J&J ended its sponsorship because of the slowdown and the expiration of key patents in coming years, the ‘Sports Business Journal’ reported.
—Bloomberg