IPOs in 4 group firms possible: ICICI

ICICI Bank on Friday said it could make initial public offerings (IPO) in four subsidiaries or sell stake in its insurance ventures after the sectoral foreign direct investment (FDI) limit was raised.

The bank would take a call once laws were amended to hike the FDI limit in the insurance sector from 26 per cent to 49 per cent, ICICI Bank CEO and Managing Director Chanda Kochhar said.