ICICI Bank executes India's largest ever equity deal
The domestic portion of the $4.3 billion placement is priced at a 1.4% discount to the latest close, while the ADR offering comes at a 0.8% discount.
ICICI Bank has raised $4.3 billion from its combined offering of domestic common shares and American Depository Receipts and secured its place in the record books as having completed the largest ever equity fund raising by an Indian corporate.
The deal surpasses real estate developer DLFÆs $2.25 billion IPO that was completed last week and, if the 15% greenshoe is also exercised, ICICIÆs offering will stand at $4.93 billion and be more than twice the size of IndiaÆs...
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