fpo

SBI follows ICICI Bank path

28 jun 2007

SBI follows ICICI Bank path
India’s largest bank State Bank of India, is planning to come up with its FPO in December this year in a bid to raise Rs.15,000 crore to fund its expansion plans and to continue to enjoy the position as the market leader.

Why Corporates and Investment Banks love ICICI Bank

23 jun 2007

ICICI Bank’s FPO has met with tremendous success with the issue getting oversubscribed 12.3 times in India and 4 times in the ADR market. India’s leading businessman, Azim Premji, Mukesh Ambani and Rahul Bajaj have placed bids for Rs.1,000 crore each either directly or through entities owned by them.