The Authorities of Singapore has elevated its stake in ICICI Financial institution because it took up 11.08 per cent stake within the newest certified institutional placement (QIP) of the financial institution’s shares with an funding of Rs 1,662.71 crore. This takes the stake of the Authorities of Singapore within the financial institution to 13.2 per cent. As of the quarter ended, it had 2.12 per cent stake within the non-public lender, based on the information on the BSE web site.
In a regulatory submitting, the financial institution stated that the Authorities of Singapore was supplied over 4.64 crore shares within the QIP amounting to 11.08 per cent stake.
It emerged the biggest investor within the newest certified institutional placement of the financial institution’s shares.
ICICI Financial institution has raised practically Rs 15,000 crore via the allotment of fairness shares underneath its QIP. The financial institution issued round 41.9 crore fairness shares at a problem worth of Rs 358 per fairness share.
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