Indian private lender ICICI Bank seeks to raise $2.8b via QIP

Indian private lender ICICI Bank seeks to raise $2.8b via QIP

Photo: Ramesh Pathania/Mint

ICICI Bank Ltd plans to raise at least 20,000 crore by selling shares to institutional investors, in the biggest such capital raising in India, as the nation’s largest private lender looks to expand lending and compete with rivals to fill in the void left by shadow lenders after a crisis engulfed the sector.

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