(Bloomberg) -- ICICI Bank Ltd. may sell as much as
$2.5 billion of shares overseas in the biggest such offering by
an Indian company, three people with direct knowledge of the
matter said.
The Mumbai-based bank has sought regulatory approval to sell
American depositary receipts as early as this month, the people
said, requesting anonymity before an official statement. The sale
is part of a planned offering announced in April that may raise
up to $5 billion.
Read more at Bloomberg Emerging Markets News
$2.5 billion of shares overseas in the biggest such offering by
an Indian company, three people with direct knowledge of the
matter said.
The Mumbai-based bank has sought regulatory approval to sell
American depositary receipts as early as this month, the people
said, requesting anonymity before an official statement. The sale
is part of a planned offering announced in April that may raise
up to $5 billion.
Read more at Bloomberg Emerging Markets News
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