'ICICI Limited is a diversified Indian financial services group offering a range of products and services to corporate and retail customers in India..'|
(- Source: Yahoo)
'The ICICI Group draws its strength from the core competencies of its individual companies. Today, top Indian Corporates look towards ICICI as a business partner for providing solutions to their varied financial requirements. The Group also offers a gamut of personal finance solutions to individuals. To lead the financial services industry into the new millennium, the Group is now truly positioned as a Virtual Universal Bank.'
(-Source: Company Website)
'Wednesday September 22, 10:19 am Eastern Time
India's ICICI opens at 11 on NYSE post-ADR listing
NEW YORK, Sept 22 (Reuters) - India's ICICI Ltd. (NYSE:ICd - news) ADR opened at a premium at $11 Wednesday on the New York Stock Exchange, marking the country's first ADR listing on the New York Stock Exchange.
The Indian term lender and finance firm offered 27.95 million ADRs in the offering priced at $9.80 per ADR, raising about $274 million.
Each ADR is equivalent to five ordinary shares.
ADR traders had said there was interest in the offering, noting the recent success of software firm Infosys Technologies Ltd. (NasdaqNM:INFY - news) , the only other Indian ADR, and recent bullishness from some U.S. investment firms about India.' (-Source:Yahoo)