ICICI Bank's ADS priced at $21.11
Mumbai: ICICI Bank's sponsored American depository share was priced at $21.11 per ADS, which was at a premium of 18 per cent to the closing domestic share price on March 11, the last date for tender of shares.

The bank issued 19.2 million ADS, equivalent to 38.4 million equity shares, with each ADS representing two underlying equity shares. The offering was oversubscribed approximately four times.

A total of 62.1 million equity shares were tendered for sale by the shareholders, against the maximum offer size of 44.2 million shares.
Merrill Lynch International, Morgan Stanley and UBS Investment were the joint global coordinators and joint book runners. They have the option to purchase a further 2.9 million ADS equivalent to 5.8 million equity shares.
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