ICICI Bank 2006 Annual Report Download - page 24

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23
Annual Report 2005-2006
The performance of the ICICI Bank equity share relative to the BSE Sensitive Index (Sensex) and the BSE
Bank Index (Bankex) is given in the following chart:
Share Transfer System
ICICI Bank’s investor services are handled by 3i Infotech Limited (3i Infotech), formerly known as ICICI
Infotech Limited. 3i Infotech operates in the following main areas of business: software consultancy and
development, IT-enabled services, IT infrastructure and network and facilities management services. 3i
Infotech has received the ISO-9001 certification for its transaction processing activities.
ICICI Bank’s equity shares are traded only in dematerialised form. During the year, 2,530,988 equity shares
of ICICI Bank were transferred into electronic mode, involving 37,121 certificates. At March 31, 2006,
98.62% of ICICI Bank’s paid-up equity share capital (including equity shares represented by ADSs
constituting 26.81% of the paid-up equity share capital) comprising 877,563,214 equity shares had been
dematerialised.
Physical share transfers are registered and returned generally within a period of seven days from the
date of receipt, if the documents are correct and valid in all respects.
The number of equity shares of ICICI Bank transferred during the last three years (excluding electronic
transfer of shares in dematerialised form) is given below:
Fiscal 2004 Fiscal 2005 Fiscal 2006
Number of transfer deeds 17,675 8,059 7,994
Number of shares transferred 1,105,135 413,245 437,044
As required under Clause 47(c) of the listing agreements entered into by ICICI Bank with stock exchanges,
a certificate is obtained every six months from a practising Company Secretary, with regard to, inter alia,
effecting transfer, transmission, sub-division, consolidation, renewal and exchange of equity shares and
bonds in the nature of debentures within one month of their lodgement. The certificates are forwarded to
BSE and NSE, where the equity shares are listed, within 24 hours of issuance and also placed before the
Board.
75
100
125
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175
BSE Sensex
BSE Bankex
ICICI Bank
Apr-05
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