India Coffee House Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : India Coffee House

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mohan Marette who wrote (7062)	9/22/1999 11:33:00 AM
From: Mohan Marette	Read Replies (1) of 12475

India's ICICI (ICD-NYSE)opens at 11 on NYSE post-ADR listing NEW YORK, Sept 22 (Reuters) - India's ICICI Ltd. (NYSE:ICD -news) ADR opened at a premium at $11 Wednesday on the New York Stock Exchange, marking the country's first ADR listing on the New York Stock Exchange. The Indian term lender and finance firm offered 27.95 million ADRs in the offering priced at $9.80 per ADR, raising about $274 million. Each ADR is equivalent to five ordinary shares. ADR traders had said there was interest in the offering, noting the recent success of software firm Infosys Technologies Ltd. (Nasdaq:INFY - news) , the only other Indian ADR, and recent bullishness from some U.S. investment firms about India.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next