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ICICI Bank signs agreement for investment in IDRCL

29 Mar 2022 Evaluate

ICICI Bank has signed an agreement for investment in India Debt Resolution Company (IDRCL) on March 28, 2022. Equity investment would be in tranches with first tranche of equity investment of Rs 3 crore expected to be completed by March 31, 2022. Total cash consideration of up to Rs 7.5 crore in multiple tranches to acquire up to 15.0% equity holding in IDRCL. 

ICICI Bank is a leading private sector bank in India.

Peers
Company Name CMP
HDFC Bank 719.80
ICICI Bank 1355.65
Axis Bank 1233.45
Kotak Mahindra Bank 413.45
Indusind Bank 965.30
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