Sunday, May 13, 2007

ICICI Bk to raise $500-600 via ICICI Hldgs stake sale

ICICI Holdings is looking at raising USD 500-600 million through a 5% private placement

ICICI Holdings comprises life insurance business (74% stake is valued at USD 6 billion), general insurance business (74% stake is valued at USD 3 billion) and MF business (51% stake is valued at USD 1 billion)

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