India’s Icici Bank committee OKs proposal to raise funds via new debt

By Sarah Lizee

Olympia, Wash., Sept. 24 – Icici Bank Ltd.’s committee of executive directors met on Monday and approved a proposal to raise offshore funds by way of issuing debt instruments, according to a Bombay Stock Exchange notice.

The debt would be issued in one or more tranches on a public or private placement basis, as previously reported.

Icici Bank is based in Mumbai.

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