ICICI Bank Ltd - (Nyse: IBN) Message Board

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Non-Tech : ICICI Bank Ltd - (Nyse: IBN)

IBN 29.34

-1.5%

3:47 PM EST

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To: Mohan Marette who wrote (8)	3/28/2000 11:36:00 AM
From: Mohan Marette	Read Replies (1) of 15

ICICI Bank debuts at 27 pct premium on NYSE Tuesday March 28, 11:27 am Eastern Time BOMBAY, March 28 (Reuters) - Indian private sector bank ICICI Bank's American Depositary Shares (ADS) made a debut at $14 on the New York Stock Exchange on Tuesday, a premium of 27.27 percent over its issue price of $11 each. ICICI Bank priced its American Depositary Shares (ADS), which comprises of two domestic shares, at a 5.5 percent premium to the five-day average price on the Bombay Stock Exchange and the National Stock Exchange. Shares of ICICI Bank closed at 261.35 rupees on the Bombay Stock Exchange on Tuesday. ICICI Bank is the first Indian bank and the second Indian firm to list on the New York Stock Exchange.

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