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   Non-TechICICI Ltd - (Nyse: IC)

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To: Mohan Marette who wrote (452)3/24/2000 4:16:00 PM
From: Mohan Marette
   of 494
Multi-flavoured bonds from ICICI.

Are they really worth investing in? We look at each one of them piece by piece. Dr C M Kulshreshtha

Last month, ICICI, with an authorised share capital of Rs 6,950 crore ($1.5 billion), had offered for public subscription unsecured redeemable bonds to the extent of Rs 300 crore with a right to over subscription upto Rs 300 crore. Now on March 17, it launched a second series of bonds for Rs 400 crore. This offer closes on March 31. The variety is the same, but with one vital difference ? the coupon rates have been slashed by more than half a percentage point in less that just three weeks.

The most attractive feature of these bonds is the vast variety of options. It has targeted five main segments of investors, ranging from the upper to the lower middle classes. And even within each segment it has options that would suit different requirements.

The choice is thus for not just multi-flavoured ice creams, but other types of deserts too.

Here are some of the common features of these bonds.

* Credit rating is the highest - triple A.

* Listing on Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) to ensure liquidity.

* The minimum subscription is Rs 5,000 (except in a few cases where it is higher).

* Nomination facility is available.

* The amount of interest is fully taxable. Tax is deducted at source in case the amount exceeds Rs 25,000 in a financial year.

* These bonds - except Tax Saving Bonds - can be pledged with the ICICI Bank as security against loans.

* Interest at the rate of 5 per cent per annum is also given from the date of application to the date of allotment - a fair deal to investors......<continued--->

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To: Mohan Marette who wrote (452)3/25/2000 3:22:00 PM
   of 494
i thought this ic ticker equates to icic bank. so what is this new ipo thing. is IC not ICIC bank?

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To: who wrote (454)3/25/2000 8:59:00 PM
From: Mohan Marette
   of 494
The ticker symbol for the bank is IBN (Nyse).<eom>

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To: Mohan Marette who wrote (455)3/25/2000 10:59:00 PM
   of 494
Then what is IC ticker. What company does it represent?
Plese excuse my ignorance

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To: who wrote (456)3/26/2000 8:29:00 AM
From: Mohan Marette
   of 494
IC represents the holding company, it holds about a dozen companies in their portfolio including the bank. Majority of the companies are not publicly traded other than the parent company and now the bank which will soon be listed on Nyse, the bank already trades in India along with the parent.

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To: who wrote (456)3/26/2000 8:30:00 AM
From: stock4U
   of 494
IC is Like CMGI here.

IC will hold 68% of ICIC bank.

Go to IC homepage and read in detail.

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To: stock4U who wrote (458)3/27/2000 8:07:00 AM
From: Labrador
   of 494
Interesting Post on Raging Bull. Insitutional holdings as of 12/31/99

WARNING: This list may not be an exhaustive one, and certainly was valid only as of Dec 31st, 1999

- sapiens -


Institution Current Position Net Chg in Position Report Date

OPPENHEIMER MANAGEMENT CORP 6,631,625 6,631,625 12/31/1999

CAPITAL INTERNATIONAL INC /CA/ 6,611,900 6,611,900 12/31/1999

PPM AMERICA INC/IL 2,000,000 2,000,000 12/31/1999

MELLON BANK N A 798,100 798,100 12/31/1999

AXA FINANCIAL INC 409,100 409,100 12/31/1999

OPPENHEIMER MANAGEMENT CORP 400,000 400,000 12/31/1999

GOLDMAN SACHS GROUP INC 396,307 -24,910 12/31/1999

GMO TRUST 330,000 330,000 12/31/1999

FIDELITY INTERNATIONAL LTD 296,000 296,000 12/31/1999

FUND ASSET MANAGEMENT INC 276,675 276,675 12/31/1999

TIAA CREF INVESTMENT MANAGEMENT LLC 255,100 255,100 12/31/1999


PUTNAM INVESTMENT MANAGEMENT INC 245,550 245,550 312/31/1999


WELLINGTON MANAGEMENT CO LLP 139,200 139,200 12/31/1999

PRINCIPAL LIFE INSURANCE CO 131,600 131,600 12/31/1999

CAPITAL INTERNATIONAL LTD /CA/ 125,800 125,800 12/31/1999

WORLD ASSET MANAGEMENT LLC 116,700 116,700 12/31/1999

DELAWARE MANAGEMENT CO INC/DE/ 110,374 110,374 12/31/1999

SECURITY MANAGEMENT CO LLC /KS/ 100,000 100,000 12/31/1999

TEACHERS ADVISORS INC 94,900 94,900 12/31/1999

FUND ASSET MANAGEMENT INC 74,074 74,074 12/31/1999

AXA FINANCIAL INC 70,800 70,800 12/31/1999

IG INVESTMENT MANAGEMENT LTD 51,930 51,930 12/31/1999

PIONEER INVESTMENT MANAGEMENT INC / 45,600 45,600 12/31/1999


CAPITAL INTERNATIONAL S A 32,800 32,800 12/31/1999

PRINCIPAL LIFE INSURANCE CO 32,000 7,000 12/31/1999

DRESDNER BANK A G 29,700 29,700 12/31/1999

CHASE MANHATTAN CORP /DE/ 26,400 26,400 12/31/1999

MERRILL LYNCH & CO INC 17,295 17,295 12/31/1999


UNITED STATES TRUST CO OF NEW YORK/ 13,600 13,600 12/31/1999

ABN AMRO ASSET MANAGEMENT USA INC 10,500 10,500 12/31/1999

CREDIT SUISSE FIRST BOSTON INC 10,000 10,000 12/31/1999

DELAWARE MANAGEMENT CO INC/DE/ 6,170 6,170 12/31/1999



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To: Mohan Marette who wrote (457)3/27/2000 10:22:00 AM
From: Mohan Marette
   of 494
ICICI 'Jeevanbeema' Web site irks LIC

In what seems likely to lead to a renewed 'cyber war' over brand identity and domain names, ICICI Ltd's newly-registered Web site,, has irked the Life Insurance Corporation of India Ltd.

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To: Mohan Marette who wrote (460)3/27/2000 10:28:00 AM
From: Mohan Marette
   of 494
**OT** L&T launches financial portal

Larsen & Toubro Limited (L&T) and BlueStone Capital Partners, L.P. of USA (BlueStone Capital), have signed a Memorandum Of Understanding to jointly partner a full service financial portal in India utilizing BlueStone Capital's TM global internet platform trading system. Plans are underway to link to over 75 countries through partnering with international financial institutions around the globe. The key advantage of the local platform jointly promoted with L&T, customized for India, would be that this would form a part of the global network of

BlueStone Capital Partners, L.P. is an investment and merchant banking institution of which is a division. Founded in 1996, BlueStone Capital is growing rapidly while it pioneers new uses and redefines the very foundation of the Internet for the financial services industry. has the information and flexibility to provide Indian investors across various financial markets access to timely, updated information on a continuous basis. Besides expected superior performance and execution, this financial service portal will ensure clients a global reach, which is a major differentiator from other systems, given that the Indian markets will eventually open to the rest of the world.

The system will allow not only Indian investors but also investors abroad, including NRIs, access to conduct trades in Indian Markets. In addition, when Indian laws permit, the system will allow Indian investors to execute trades in securities around the globe in `real time` and perform full convertibility of the currency in conjunction with the transaction. Since this platform is fully tested, the time to market in India is expected to be very brief, subject to customization of the system for local requirements. This financial service portal would initially offer securities trading via the Internet. It also has the capabilities of providing sophisticated decision support systems using quality content for the investors to assist in their decisions for trading in securities.

This initiative is in line with L&T's strategic thrust in telecom and information technology as recommended by Boston Consulting Group. L&T has LTITL as software service provider and L&T Finance Limited for domain knowledge.

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To: Mohan Marette who wrote (461)3/29/2000 9:26:00 AM
From: Mohan Marette
   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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