Read more about ICICI Bank raises Rs 15,000 cr in equity; issue price at Rs 358 per share on Business Standard. The issue price represents a 1.9 per cent premium to the floor price determined based on the pricing formula as prescribed under SEBI Regulations
Private sector lender has raised Rs 15,000 crore (about $ two billion) through Qualified Institutions Placement (QIP) of equity shares (418.99 million) at issue price of Rs 358 per share. The issue price represents a 1.9 per cent premium to the floor price determined based on the pricing formula as prescribed under Regulations. The floor price was set at Rs 351.36 per share. The issue price represents a discount of 1.
