Recent Event Highlights: Sensex, Nifty strike 6-week highs; L&T scales 52-week high - BloombergUTV, Indian Market Ends Sharply Higher - Daily Markets, Indian shares at 6-wk closing highs; Reliance Ind up - Reuters, Mergers & Acquisition Round Up - June 07 to June 11, 2010 - India Infoline.com, Stock Strategy: Consider initiating long in GMDC - Hindu Business Line, Indian shares rise 1 pct; Reliance, ICICI lead - Reuters, and 12 more...
Created by dipity on May 19, 2009
Last updated: 06/15/10 at 05:08 AM
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Indian ExpressSensex, Nifty strike 6-week highs; L&T scales 52-week highBloombergUTVIndia's second largest private sector bank by sales HDFC Bank slipped 0.20%. India's largest private sector bank by sales ICICI Bank shed 0.46%. ...Realty shares rally in late tradeBloombergUTVMarket scales highest level since early May 2010BloombergUTVShares rise to one month high; Reliance leadsEconomic Timesall 251 news articles »
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Market LiveEconomic TimesBut due to the volatility in the capital market and continuous decrease in the share price of the company, it was difficult to allot warrants at Rs. 200 per ...
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Feconomictimes.indiatimes.com%2Fmarkets%2Fstocks%2Fmarket-live%2FMarket-Live%2Farticleshow%2F6049132.cms&usg=AFQjCNH8Ks42lHpUms-XQBoU-YWjvqATQw
Indian Market Ends Sharply HigherDaily MarketsDLF edged up 0.74%, Unitech rose by 0.59%, SBI gained 0.29%, ICICI Bank added 1.10% and HDFC Bank closed up 1.52%. Select public sector banks like Bank of ...and more »
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Indian shares at 6-wk closing highs; Reliance Ind upReuters1 lender, climbed 0.3 percent while rivals ICICI Bank (ICBK.BO) and HDFC Bank (HDBK.BO) rose 1.1 percent and 1.5 percent, respectively. ...and more »
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Reuters UKMergers & Acquisition Round Up - June 07 to June 11, 2010India Infoline.comCitigroup has reportedly offloaded shares of 22 Indian companies, including 17 Sensex stocks like Reliance Industries and ICICI Bank, in block deals valued ...Indian stock market and companies daily report (June 14, 2010, Monday)Stock Markets ReviewIndian Market Ends Higher For Third DayDaily MarketsRIL gains ahead of acquiring Infotel Broadband ServicesBloombergUTVall 582 news articles »
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Stock Strategy: Consider initiating long in GMDCHindu Business LineLast week, we had advised traders to consider shorting ICICI Bank. Though it provided profit opportunities last week, it did not reach our recommended ...and more »
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Hindu Business LineHow M&As workHindu Business LineConsidering ICICI Bank's stock price before announcement (Rs 889), the swap ratio implied a substantial premium to Bank of Rajasthan's prevailing market ...
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Reuters IndiaIndian shares rise 1 pct; Reliance, ICICI leadReutersBO) and ICICI Bank (ICBK.BO) leading the rise, taking cues from strong world markets. At 9:02 am (0332 GMT), the 30-share BSE index . ...Indian Market Up Sharply In Early Trade; IIP Report EyedRTT Newsall 60 news articles »
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TopNewsSell ICICI Bank With Target Of Rs 820TopNewsThe share price has seen a 52-week high of Rs 1009.50 and a low of Rs 621.90 on BSE. Current EPS & P/E ratio stood at 36.10 and 23.25 respectively. ICICI ...and more »
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...as they owned 55.01 percent of its paid-up capital. Tayal family will own around 1.69 percent (20 million shares) in ICICI Bank, but he will not get a board position. BoR’s stock was valued roughly at twice its closing price on Tuesday. ICICI bank added CASA...
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International Business Times
http://www.ibtimes.com/articles/24715/20100524/icici-bank-bank-of-rajasthan.htm
Excerpt
ICICI Bank Ltd is acquiring Bank of Rajasthan Ltd for around Rs3,000 crore in a share swap transaction. Interestingly, its market capitalization has fallen by around Rs7,200 crore, around 2.3 times the acquisition amount.
That’s a big thumbs-down from
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livemint.com
http://www.livemint.com/2010/05/19215706/ICICI-acquiring-poor-asset-at.html
Indian ExpressICICI acquiring poor asset at exorbitant priceLivemintBased on the share-swap ratio, ICICI Bank will be paying Bank of Rajasthan shareholders Rs188 per share. (After the drop in the share price of ICICI Bank, ...ICICI's BoR buy: Value for moneyBusiness StandardIs Bank of Rajasthan a right fit for ICICI?NDTV.comJaipur SE cries foul on ICICI Bk-BOR dealTimes of IndiaChandigarh Tribune -Financial Times (blog) -Reutersall 256 news articles »
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Excerpt
...(Rs 15 billion) as per its share price today. The scrip surged 20 per cent to Rs 99.50 on BSE. In comparison, ICICI Bank is valued at close to Rs 100,000 crore (Rs 1 trillion). Its shares fell 1.45 per cent to Rs 889.35. The board of the banks have given in-principle...
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Rediff
http://business.rediff.com/report/2010/may/19/look-beyond-the-premium-in-icici-bor-merger.htm
Excerpt
...accountancy firm Haribhakti & Co in the next three days. DNA calculus shows at the 25:118 (or 1:4.72) swap ratio, ICICI Bank will issue about 3.42 crore new shares tantamount to a 3.07% stake dilution, to fund the deal. At Tuesday’s prices, that would mean...
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DNA India
http://www.dnaindia.com/money/report_icici-pays-big-bucks-to-merge-bank-of-rajasthan_1384635
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...were near their peak. Most of this capital was lying unspent. But it did not take long for market hysteria to drag the bank's share price down. ICICI Bank's sub-prime woes, however, began long before Lehman Brothers collapsed. In March last year, then minister...
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Times of India
http://economictimes.indiatimes.com/News/ICICI-Bank-Hit-by-the-ugly-face-of-globalisation/articleshow/5007495.cms
Zee NewsMajor indices post huge gains in early trade, realty up 16%Zee News, IndiaLed by ICICI Bank and State Bank of India, the 18-share banking index surged 13.63 per cent. SBI gained 15.83 per cent to hit its high of Rs 1520 and ICICI Bank jumped 16.02 per cent to a high Rs 684.10. In the capital goods sector, Larsen and Turbo ...India stocks vault 17 percent on election euphoria Seattle Post IntelligencerInvestors' wealth swells by Rs 4 lakh cr within seconds Fresh Newsall 619 news articles
http://www.zeenews.com/news532609.html
VC CircleMarkets Back At 2006 Levels: The Private Equity Losers And GainersVC Circle, IndiaThese two firms'cost of acquisition is estimated at Rs 56/share as against the current price of Rs 62. Among the gainers Bessemer and ChrysCap figured more than once due to the gain in value of their investments in Shriram EPC and Motilal Oswal besides ...
http://www.vccircle.com/500/news/markets-back-at-2006-levels-the-private-equity-losers-and-gainers
Hindu Business LineDBS Bank offloads entire stake in HDFC BankHindu Business Line, IndiaMumbai, May 8 The share price of HDFC Bank tanked 2.8 per cent on DBS Bank selling 2.73 per cent stake in the Indian bank through the bulk deal route on Friday. The Southeast Asian bank sold its entire stake in HDFC Bank, at Rs 1111.04 a share, ...
http://www.thehindubusinessline.com/2009/05/09/stories/2009050951301000.htm
TopNewsIndian Hotels buys 2.25 million shares of Orient Express Hotels ...TopNews, IndiaIn a communiqué to market regulator, Indian Hotels said its subsidiary Samsara Properties, has raised USD 51 million loan from the UK branch of ICICI Bank, to part fund the share purchase. According to reports it has been revealed that the interest on ...
http://www.topnews.in/indian-hotels-buys-225-million-shares-orient-express-hotels-rs-65-crore-2162749
Zee NewsSensex takes biggest leap of year, crosses 12k levelZee News, IndiaIn the Sensex pack, Sterlite Ind flared up 16.56 per cent, Hindalco 13.74 per cent, M&M 13.07 per cent, HDFC 13.06 per cent, ICICI Bank 10.74 per cent, Tata Steel 10.48 per cent, Wipro 10.32 per cent, ITC 8.75 per cent, HDFC Bank 8.54 per cent, ...Sensex Slips Down At The End 178 Pts Nhatky.inall 539 news articles
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Business Standard''My term will be pretty long, it's just starting'Business Standard, IndiaChanda Kochhar is slated to take over as the Managing Director and Chief Executive Officer of ICICI Bank tomorrow. In an interview with Shyamal Majumdar and Sidhartha, Kochhar says she is going to focus on the immediate challenge of correcting the cost ...
http://www.business-standard.com/india/news/%5C%5Cmy-term-will-be-pretty-long-it%5Cs-just-starting%5C/356659/
Excerpt
...increased by over 6% to close at Rs 940.50, its market capitalisation increased to Rs 40,002 crore. As against this, ICICI Bank's share price increased by 2.44% to close at Rs 355.10 on Tuesday, its market capitalisation went up to Rs 39,517 crore. At the...
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Economic Times
http://economictimes.indiatimes.com/News/News-By-Industry/Banking-Finance-/Banking/HDFC-Bank-most-valued-in-pvt-sector-beats-ICICI/rssarticleshow/4312382.cms
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...20 Investigations carried out by the capital markets regulator show no evidence of manipulation in the share prices of ICICI Bank, said a news release from SEBI. The bank had in September sought an investigation by SEBI into its share price movement, alleging...
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Hindu Business Line
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http://www.thehindubusinessline.com/2008/11/21/stories/2008112152470100.htm
Excerpt
...the ADS issue translates into a premium of around 6.6 per cent over the domestic issue price. Each ADS represents two equity shares of ICICI Bank. The ADS offering has a greenshoe option of $0.32 billion. While the size of the domestic issue (minus the greenshoe...
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Calcutta Telegraph
http://www.telegraphindia.com/1070624/asp/business/story_7966194.asp
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...Exchange on June 13. On Wednesday, the stock closed on the NSE at Rs 913.95 and, based on this price, those who hold 109 shares of the bank will qualify for the reservation. ICICI Banks issue is slated to open for subscription on June 19 and close on June...
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Calcutta Telegraph
http://www.telegraphindia.com/1070614/asp/business/story_7920941.asp
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...The market speculation has been that the bank could get up to $500 mn for a 5% stake in the holding company. Meanwhile, the bank is expected to price its share above Rs 900. However, it will offer shares to retail investors at a discount. Investment banking...
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Economic Times
http://economictimes.indiatimes.com/ICICI_Banks_Rs_10000cr_IPO_on_June_18/RssArticleShow/articleshow/2111990.cms
Excerpt
...issue approximately 34.5 lakh shares, which work out to about 0.4 per cent of its existing equity capital. Going by ICICI Bank's average share price in the last six months, the cost of the deal works out to Rs 230 crore. At the current share price (Rs 876...
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Hindu Business Line
http://www.thehindubusinessline.com/2006/12/10/stories/2006121002490200.htm
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...Indian finance ministry said in August. The 10 percent stake has a market value equivalent to $1.36 billion at ICICI Bank's closing share price on the Bombay Stock Exchange yesterday. Indian Finance Minister P. Chidambaram said in September the Comprehensive...
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Bloomberg.com
http://www.bloomberg.com/apps/news?pid=20601087&sid=aaODNSoibyaE&refer=worldwide_news
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