International Business

IPOs in 4 group firms possible: ICICI

ICICI Bank on Friday said it could make initial public offerings (IPO) in four subsidiaries or sell stake in its insurance ventures after the sectoral foreign direct investment (FDI) limit was raised. - New software enables IPO application via SMS - IPOs fail to enthuse retail investors - IPO grading system fails to produce desired results - Self-certified syndicate bankers to get fee for IPO applications - PSU sell-off planning to begin in August - India Inc"s fund raising dips 73% in H109 The bank would take a call once laws were amended to hike the FDI limit in the insurance sector from 26 per cent to 49 per cent, ICICI Bank CEO and Managing Director Chanda Kochhar said.


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