ICICI Bank 2008 Annual Report Download - page 11

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Towards a better life
ISSUANCE OF EQUITY CAPITAL
In fiscal 2008, ICICI Bank successfully concluded a capital raising exercise, raising a total of about
Rs. 200.00 billion through a simultaneous public issue in India and issue of American Depositary Shares
(ADS) in the United States. The public issue in India was subscribed 11.5 times and the ADS issue was
subscribed over 5 times. The domestic issue was priced at Rs. 940, representing a premium of 3.6%
to the average closing price from the announcement to the pricing date and the ADS was priced at
USD 49.25, representing a premium of 6.6% over the domestic issue price.
SUBSIDIARY COMPANIES
At March 31, 2008, ICICI Bank had 17 subsidiaries as listed below:
Domestic Subsidiaries International Subsidiaries
ICICI Securities Limited ICICI Bank UK PLC
ICICI Securities Primary Dealership Limited ICICI Bank Canada
ICICI Prudential Life Insurance Company Limited ICICI Wealth Management Inc.1
ICICI Lombard General Insurance Company Limited ICICI Bank Eurasia Limited Liability Company
ICICI Prudential Asset Management Company Limited ICICI Securities Holdings Inc.2
ICICI Prudential Trust Limited ICICI Securities Inc.3
ICICI Venture Funds Management Company Limited ICICI International Limited
ICICI Home Finance Company Limited
ICICI Investment Management Company Limited
ICICI Trusteeship Services Limited
1. Subsidiary of ICICI Bank Canada.
2. Subsidiary of ICICI Securities Limited.
3. Subsidiary of ICICI Securities Holdings Inc.
As approved by the Central Government vide letter dated May 15, 2008 under Section 212(8) of the
Companies Act, 1956, copies of the balance sheet, profit & loss account, report of the board of directors
and report of the auditors of each of the subsidiary companies have not been attached to the accounts
of the Bank for fiscal 2008. The Bank will make available these documents/details upon request by any
Member of the Bank. These documents/details will be available on the Bank’s website www.icicibank.com
and will also be available for inspection by any Member of the Bank at its Registered Office and Corporate
Chanda D. Kochhar
Joint Managing Director & CFO
“We believe that the Indian economy as well as the international markets offer long-term
growth opportunities and we have built a strong foundation in each of these areas. Our fund
raising measures and strengthened capital base have significantly enhanced our ability to
capitalise on various opportunities. We would remain focused and flexible as we attune our
business strategy to the evolving environment. We will continue to leverage our domestic
market leadership and global presence, as well as further enhance our risk management
capabilities and compliance framework, to drive growth”
Annual Report 2007-2008 9
01_ICICI_BANK_(Fin_Matter_1-64).9 901_ICICI_BANK_(Fin_Matter_1-64).9 9 6/20/08 6:42:45 PM6/20/08 6:42:45 PM