| |
Friday, September 3, 1999
Biz File -- Chandigarh
EXPRESS NEWS SERVICE
ICICI to float equity shares
The ICICI is floating 3.77 crore equity shares at a premium of Rs 63 per share, amounting to Rs 275.21 crore, on September 9. The scheme will close on September 14. The ICICI would reserve the right to retain oversubscription of up to 10 per cent. It is also privately placing equity shares totalling Rs 500 crore, through preferential allotment, to its principal domestic shareholders - LIC, GIC and UTI. ICICI Capital Services Regional Manager Kanwar Vivek told mediapersons that the amount can be paid along with the application or pay Rs 20 on application and the balance can be paid anytime before March 31.The equity shares are proposed to be listed at The National Stock Exchange and stock exchanges at Mumbai, Banglore, Calcutta, Chennai, Manglore, Delhi and Vadodra, he added.J-K Bank opens branch
The Jammu and Kashmir Bank today opened its 14th fully- computerised branch in the state and first in the township here. This is the the 394th branch of the bank. Addressing the gathering, bank's director, Davinder Singh Rana, gave details about the growth of the bank since its inception in 1938 and claimed that it ranks among the best 500 banks of the Asian region. Semiconductor Complex, Chairman-cum-Managing Director, M.J.Zarabi, congratulated the management of the bank for having shown remarkable growth and results in the past three years. Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
Top
|
|
|
Printer-friendly page |
