ICICI Securities says IPO raises about $540 million

MUMBAI (Reuters) - Indian brokerage ICICI Securities said its initial public offering has raised roughly 35 billion rupees ($540 million), after the three-day book running process ended on Monday.

The offering, in which the brokerage's parent ICICI Bank was selling shares and had originally targeted to raise as much as 40.17 billion rupees, was not fully subscribed.

(Reporting by Devidutta Tripathy; Editing by Euan Rocha)