ICICI Bank to raise Rs 1,000 cr
Mumbai: ICICI Bank Ltd proposes to raise Rs 1,000 crore through an unsecured bond issue, having a maturity of 10 years with market-related coupon rates.

Credit agency CARE has assigned the issue a Triple A rating due to its focus on the top end of the credit spectrum which is reflected by the low NPA level, comfortable liquidity position and high profitability parameters, adequate risk management and controls systems.
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i-flex files for IPO
Mumbai: Financial software firm i-flex solutions has filed for initial public offering of shares with the Securities and Exchange Board of India.

The IPO of the company which is 48.5 per cent owned by Citigroup will involve an offering of 3.96 million shares - equivalent to 10 per cent of the post-issue equity capital of the company.

As much as 85 per cent of the IPO will be a fresh issue of shares and the remaining for sale by existing shareholders.

The issue will be priced through book-building.

J M Morgan Stanley is the lead book-running manager and Kotak Mahindra, DSP Merrill Lynch and Saloman Smith Barney are co-managers.
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