The Monetary Authority of Singapore – the city-state’s central bank – is the largest investor in ICICI Bank’s qualified institutional placement (QIP) issue, which concluded on August 15. The Monetary Authority of Singapore picked up 4.6 crore shares for Rs 1,662 crore – more than 11 percent of the Rs 15,000 crore QIP issue. The second-largest investor is Morgan Stanley Investment Management, which put in Rs 1,086 crore and French bank Societe Generale which invested Rs 832 crore (2.3 crore shares), it added. ICICI Bank on August 15 said it had completed the allotment of equity shares through QIP, and raised close to Rs 15,000 crore (~$2 billion). The private lender issued 418,994,413 equity shares at an issue price of Rs 358 apiece, the bank informed the exchanges.

(Moneycontrol)