ICICI Bank plans ₹20,000 cr capital boost via QIP2 min read . Updated: 19 Nov 2019, 12:12 AM IST
- Bank looks to expand lending and capture the market vacated by NBFCs
- ICICI Bank has approached at least 10 investment banks on the proposed capital raising
Mumbai: ICICI Bank Ltd plans to raise at least ₹20,000 crore by selling shares to institutional investors, in the biggest such capital raising in India, as the nation’s largest private lender looks to expand lending and compete with rivals to fill in the void left by shadow lenders after a crisis engulfed the sector.
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