ICICI Bank eyes $2bn from rare equity fundraising

By Jonathan Breen
09 Jul 2020

ICICI Bank has got the go-ahead to raise up to Rp150bn ($2bn) in its first tap of the equity capital market in over 13 years.

The bank’s board of directors gave their approval, at a meeting on Wednesday, to issue fresh equity through either a qualified institutional placement (QIP), follow-on offering or preferential issue, or a combination of the three.

ICICI last tapped the equity markets in 2007, Dealogic data shows. It raised ...

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