ICICI Bank 2006 Annual Report Download - page 9

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8
ISSUANCE OF EQUITY CAPITAL
In fiscal 2006, ICICI Bank successfully concluded a capital raising exercise, raising a total of Rs. 80.01
billion through the first simultaneous public issue in India and American Depositary Share (ADS) issue in
the United States, with a Public Offering Without Listing (POWL) of ADSs in Japan. The public issue in
India was subscribed approximately seven times. The issue was priced at Rs. 525 in the domestic market
and USD 26.75 in the ADS market which represented a discount of under 1% to the last closing price on
stock exchanges in India and the United States, respectively.
SUBSIDIARY COMPANIES
At March 31, 2006, ICICI Bank had 16 subsidiaries:
Domestic Subsidiaries International Subsidiaries
ICICI Securities Limited ICICI Bank UK Limited
ICICI Venture Funds Management Company Limited ICICI Bank Canada
ICICI Prudential Life Insurance Company Limited ICICI Securities Holdings Inc.(1)
ICICI Lombard General Insurance Company Limited ICICI Securities Inc.(2)
ICICI Home Finance Company Limited(4) ICICI International Limited
ICICI Investment Management Company Limited ICICI Bank Eurasia Limited Liability Company(3)
ICICI Trusteeship Services Limited
ICICI Brokerage Services Limited(1)
Prudential ICICI Asset Management Company Limited(5)
Prudential ICICI Trust Limited(5)
(1) Subsidiary of ICICI Securities Limited
(2) Subsidiary of ICICI Securities Holdings Inc.
(3) Formerly known as Investitsionno-kreditny Bank.
(4) ICICI Distribution Finance Private Limited, a subsidiary of ICICI Bank, merged with ICICI Home Finance Company Limited,
effective August 11, 2005.
(5) Prudential ICICI Asset Management Company Limited and Prudential ICICI Trust Limited became subsidiaries of ICICI
Bank effective August 26, 2005, pursuant to the acquisition of additional 6% of the equity share capital of these companies
by ICICI Bank from Prudential Corporation Holdings Limited.
Directors’ Report
Banking Accounts
ICICI Bank offers a
range of banking
accounts tailor-made
for every customer
segment, from children
to senior citizens.
Convenience and ease
of access are the
benefits of ICICI Bank
accounts.
Insurance
The ICICI group offers a range of
insurance products to cover varying
needs ranging from life, pensions
and health, to home, motor and
travel insurance. The products are
made accessible to customers
through a wide network of advisors,
bank partners, corporate agents and
brokers with the added convenience
of being able to buy online.
Trade Services
ICICI Bank offers online
remittances as well as online
processing of Letters of Credit
and Bank Guarantees.
Asset Management
Prudential ICICI Asset
Management Company offers a
wide range of retail mutual fund
products tailored to suit varied
risk and maturity profiles.
Fullfilling a variety of banking and finance needs across customer segments