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The Reserve Bank of India on April 5, 2006
has notified that no further purchases of equity shares of ICICI Bank Ltd.,
should be made on behalf of Foreign Institutional Investors (FIIs)/Non-Resident
Indians (NRIs) and Persons of Indian Origin (PIOs) under Porfolio Investment
Scheme (PIS) through stock exchanges in India. The Reserve Bank has stated that
ICICI Bank Ltd., has reached the limit of 74 per cent of its paid up capital.
P.V.Sadanandan
Manager
Press Release: 2005-2006/1290
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