ICICI Bank INR 150 billion institutional stock placement

Davis Polk advised the book-running lead managers in connection with a qualified institutional placement of equity shares by ICICI Bank Limited of INR 150 billion ($2 billion) in India. The equity shares were also offered and sold in reliance on Regulation S and in a private placement to certain United States purchasers. 

ICICI Bank Limited is the largest private sector bank in India and the second-largest bank in India in terms of total assets. ICICI Bank has over 5,324 branches in India and branches and representative offices throughout the world, including in the United States, Canada, Europe and Asia. ICICI Bank is listed on the Bombay Stock Exchange, the National Stock Exchange of India and the New York Stock Exchange.