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Non-Tech : ICICI Ltd - (Nyse: IC)

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To: Mohan Marette who wrote (461)3/29/2000 9:26:00 AM
From: Mohan Marette  Read Replies (1) of 494
India Business Briefs: ICICI Launches Real Estate Portal

NEW DELHI (Dow Jones)--Financial institution ICICI Ltd. (IC) has launched a Web site guide to real estate and said it plans to transform the portal into a separate company in three months and even consider an initial public offering. ICICI listed American Depositary Shares on the New York Stock Exchange in September 1999.

Global Trust Bank Ltd. (P.GTB) is planning to privately sell up to 26 million shares at a price not less than 84.34 rupees ($1=INR43.58) each.

Kotak Mahindra Finance Ltd. (P.KOT) is paying an interim dividend of INR1.80 per share. The interim dividend won't be paid to the new rights equity shares to be issued on March 31.

Whirlpool Corp. (WHR), U.S.-based appliance manufacturer, is negotiating with leading Indian air conditioning manufacturers, including Amtrex Appliances Ltd. (P.AAI) and Voltas Ltd. (VOLT.NS), in an effort to forge a strategic alliance in the domestic market, Press Trust of India reports quoting a Whirlpool executive.

-Dow Jones Newswires; 91-22-288-4211; 91-11-461-9426
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