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Non-Tech : ICICI Ltd - (Nyse: IC)
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To: Mohan Marette who wrote (343)3/8/2000 9:59:00 AM
From: arin8192  Read Replies (1) of 494
 
I understand that ICICI Ventures is going to be listed in India. Now in reading the info below...ICICI is also listing the dot.com venture on the NASDAQ? Will it be in ADR form? It sounds exciting to IC shareholders but maybe I don't understand all the features that ICICI Bank has to offer. Any time frame on any of this? Thanks again! -A

ICICI is also setting up a new holding company for its dot.com ventures. This company has plans of becoming an Indian CMGI with a foothold in over 20-odd portals. This holding company, which will be a direct investor in these ventures (unlike ICICI Ventures which is an asset management company) will list itself in Nasdaq through an offer for sale by ICICI to international investors. "This will be a double whammy and ICICI is offering new age stocks to both the Indian and overseas markets while at the same time ensuring that its core shareholders - those in ICICI - benefit from such decisions," an investment banker said.
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