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Why is ICICI Bank mulling a $3 billion capital raise? Brokerages try and answer

Updated : June 25, 2020 01:20 PM IST

One reason offered is that the exercise may help the bank look for portfolio acquisitions or other M&A opportunities.
The stock is down 34% this year in line with a 33% slump in the Nifty Bank index.
Why is ICICI Bank mulling a $3 billion capital raise? Brokerages try and answer

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