ICICI Bank update on subsidiary's proposed IPO

ICICI Securities files DTHP with SEBI for proposed IPO

ICICI Bank announced that its subsidiary, ICICI Securities has filed a draft red herring prospectus with Securities and Exchange Board of India for a public offer of up to 64,428,280 equity shares of face value of Rs 5 each of ICICI Securities ('Equity Shares'), representing approximately 20.0% of its equity share capital as on date, for cash through an offer for sale of up to 64,428,280 Equity Shares by ICICI Bank. The offer includes a proposed reservation of up to 3,221,414 Equity Shares (up to 5.0% of the offer) for individual and Hindu Undivided Family ('HUF') shareholders of ICICI Bank.

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