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ICICI Securities files DRHP with Sebi

Posted By: Doraiah Vundavally December 15, 2017

ICICI Securities files DRHP with SebiMumbai, Dec 15 (IANS) ICICI Bank on Friday said that its subsidiary -- ICICI Securities -- has filed a "draft red herring prospectus" (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering.

According to the lender, it will offer up to 64,428,280 equity shares or 20 per cent of its stake in the company through the proposed IPO.

"The offer includes a proposed reservation of up to 3,221,414 equity shares (up to 5 per cent of the offer) for individual and Hindu Undivided Family ('HUF') shareholders of ICICI Bank," the lender said in a BSE filing.

 

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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ICICI Securities files DRHP with Sebi

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.