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ICICI Bank fixes issue price at Rs.525 a share
Mumbai: ICICI Bank on Wednesday fixed the issue price of its Rs5,000 crore domestic offer at Rs525 per share. The issue price for its American Depository Shares (ADS) were fixed at $26.75 per ADS.

Each ADS represents two equity shares, translating into a difference of almost Rs100 between the domestic and ADS offers. The bank had fixed a price band of Rs505 to Rs545 for its domestic offer. Retail investors have bid for shares worth Rs1,400 crore (against an offer of Rs1,900 crore), and are entitled to a discount of 5 per cent.

Overall, the offer was oversubscribed by seven times, with the bank receiving bids worth Rs35,000 crore. Foreign institutional investors have bid for shares worth Rs26,000 crore.
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Geojit offers trading facilities on the Dubai Gold Exchange
Kochi: Geojit Commodities Ltd is offering its clients facilities to trade on the Dubai Gold & Commodities Exchange (DGCX). By paying 5 per cent of the total value as margin money, clients will now be able to buy and sell gold in units of one kg (0.995 fineness) deliverable at DGCX approved vaults in the United Arab Emirates (UAE).

According to a press release from Geojit the exchange is currently open form 10 a.m. to 11 p.m. and will soon be operational for all 24 hours. Dubai Commodities Clearing Corporation (DCCC) will provide settlement guarantees for all transactions.
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50 per cent dividend from UTI GSF-Petro
Mangalore: UTI-Growth Sector Fund-Petro (UTI-GSF-Petro) has declared a tax-free dividend of 50 per cent on a face value of Rs10.

A press release by UTI Mutual Fund said here on Wednesday that the record date for the dividend is December 27.

All unit holders registered under the dividend option of UTI-GSF-Petro as on December 27 will be eligible for this dividend.
On December 6, the NAV under dividend option was Rs 21.75
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Ammana Bio Pharma files for IPO
Hyderabad: Ammana Bio Pharma Ltd. has filed a draft letter of offer with the Securities Exchange Board of India for a initial public offer (IPO), aggregating Rs21.66 crore.

The funds from the IPO will be utilized to meet the company's growth plans, including expansion of the existing unit, acquisition of new machinery and setting up of a sweet Sorghum project.

In a press release, the company said it plans to manufacture bio-fuel ethanol from `Camel Crop', Sorghum (jowar), at its factory in the Nindra Mandal of Chittoor district in Andhra Pradesh, with a capacity of 90 million tonnes per annum.
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