 "ICICI Bank")
Private sector lender ICICI Bank has raised Rs 15,000 crore (about $ two billion) through Qualified Institutions Placement (QIP) of equity shares (418.99 million) at issue price of Rs 358 per share.
The issue price represents a 1.9 per cent premium to the floor price determined based on the pricing formula as prescribed under SEBI Regulations. The floor price was set at Rs 351.36 per share.
The issue price represents a discount of 1.5 per cent to the closing price of the Bank’s equity shares on the BSE/NSE prior to the launch of the issue, bank said in a statement.
Bank would primarily
