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Warburg alone bids for half of ICICI shares on offer
Friday, June 22, 2007 business-standard.com
(
Finance , Stock market
)
A US-based private equity firm, Warburg Pincus, has put in the highest bid worth Rs 5,000 crore for ICICI Bank shares, which is half the size of the follow-on equity offer from the country’s largest bank, including the greenshoe option.
ICICI Bank received bids for 31.18 crore shares at the end of the second day, which is 3.15 times the shares on offer, according to figures available at 5 pm wi
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