ICICI Bank raises ₹15,000 crore via QIP at ₹358 per share2 min read 15 Aug 2020, 01:20 PM IST
Lender says proceeds though issuance of 41.89 cr shares to be used towards strengthening capital adequacy of bank, corporate requirements, other purposes
During the share sale, Monetary Authority of Singapore picked up 4.6 crore shares, representing 11.06% of the QIP size
The country’s second largest private sector lender ICICI Bank on Saturday said it has completed the allotment of equity shares under its qualified institutional placement (QIP) and raised approximately ₹15,000 crore to fund its business growth and meet regulatory capital requirement.
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