ICICI Mops Up Rs 1,294Cr Through Green-Shoe Option

MUMBAI: ICICI Bank has mopped up Rs 1,294 crore via its green-shoe option in the local market. The bank had mopped up Rs 8,750 crore via its local issue and an equal amount via its overseas issuance, too. The bank was eyes green-shoe option of Rs 1,312.5 crore. The bank had earlier priced its local issue at Rs 940. However, for retail shareholders, the bank had given a discount of Rs 50 per share. The share price of the bank in the past two weeks has decreased much below the issue price.