ICICI Bank acquires minor stake in Midland Microfin

ICICI Bank acquires minor stake in Midland Microfin

Oct 01, 2021 01:10 IST capital market

ICICI Bank has entered into an agreement dated 30 September 2021 for investment in equity shares of Midland Microfin (non banking financial company - microfinance institution). The Bank has invested Rs 52.42 crore for acquiring 4,508,169 equity shares of face value Rs 10.0 per share at a share premium of Rs 106.27 per share. After the investment, ICICI Bank holds 9.9% of the equity share capital of Midland and 7.3% of the total share capital of Midland.

Powered by Capital Market - Live News

Related Story

Open Free Demat Account (Rs699)
Open ZERO Brokerage Demat Account

  • 0

    Delivery Brokerage for Lifetime

  • 20

    Per order for Intraday, F&O, Currency & Commodity