ICICI mulling $3 billion share sale; 8 banks explore fundraising in last 30 days
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ICICI mulling $3 billion share sale. Fund Raising Row - 8 banks/financials explore fundraise in the last 30 days - Raising despite sufficient levels of capital adequacy - Raising through stake sale in subsidiaries - Raising large quantum mostly in billions of dollars - Banks on a fundraising spree (QIO, Equity, Debt being considered) Proposed Fund-raising drive Companies - Amount - Capital Adequacy Kotak Mahindra Bank - $1 bn - 17%+ ICICI Bank - $3 bn - 16%+ M&M - $500 Mn - 19%+ HDFC - $1.8 bn - 17%+ SBI - $1.5 bn - 17%+ Yes Bank - $1.4 bn - 9%+ Shriram Transport - 4500 cr - 22%+ Federal Bank - Rs 12,000 crore - 14%+ Bajaj Finance - $1.2 bn - 25%+ Watch the video to know more! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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