News:
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Advts:
Classifieds |
Employment |
Obituary |
Business
-
Briefly
ICICI Bank's mega issue
BANGALORE: The public issue of equity shares of ICICI Bank in April will come for the first time with a green shoe security option. Under this option, the price of the shares will be guaranteed to go no lower than the purchase price for 30 days after the opening day of trading. DSP Merrill Lynch Limited will act as the stabilising agent for the share prices. As a further stabilising mechanism, ICICI Bank can allocate additional equity shares up to the value of Rs. 450 crores in the same timeframe.
Bala Swaminathan, Country Head, Corporate Banking, said, "The green shoe option is a common concept internationally but this is the first time it is being used in India. It is a great opportunity for retail individuals to have their investments protected."
Printer friendly
page
Send this article to Friends by
E-Mail
Business
News:
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Advts:
Classifieds |
Employment |
Obituary |
Updates:
Breaking News |
|
