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This is an archive article published on May 28, 1997

Bizbits — Full allotment on ICICI bonds

MUMBAI: The Industrial Credit and Investment Corporation of India (ICICI) has given full allotment to 98 % of all individual applicants in ...

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MUMBAI: The Industrial Credit and Investment Corporation of India (ICICI) has given full allotment to 98 % of all individual applicants in the Rs 750 crore bond issue.

The basis of allotment, finalised in consultation with the Bombay Stock Exchange (BSE), has ensured full allotment to all investors who have invested in 10 bonds. The two categories of bonds that found greater favour with individual investors were the deep discount bond and the regular income bond.

The public issue of bonds which opened for subscription on March 31, 1997 and closed on April 28, 1997 was oversubscribed. ICICI has decided to retain an amount of Rs 800 crore. EEB

ICICI Bank

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MUMBAI: ICICI Banking Corporation Ltd, promoted by the Industrial Credit and Investment Corporation of India Ltd has submitted draft prospectus for its issue with SEBI for approval to raise Rs 152.25 crore with an issue price of Rs 35 (face value + premium). EEB

EHTP approval

NEW DELHI: :The government has decided to simplify the procedure for granting approvals under the electronics hardware technology park (EHTP) and software technology park (STP) schemes an official release said . This has been done keeping in view the needs of the electronic sector, which is growing at a fast pace, the release said. UNI

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