(Bloomberg) -- Shares of ICICI Bank Ltd., India's biggest by market value, may fall on concern a planned 200 billion rupee ($4.9 billion) stock sale will reduce returns for investors as profit growth slows.
ICICI plans to sell the equivalent of 20 percent of its equity locally and overseas in June, the biggest stock sale by an Indian company, the Mumbai-based bank said on April 28. The bank reported fourth-quarter profit that missed analysts' estimates because it set aside more funds to cover loans.
Read more at Bloomberg Emerging Markets News
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