(Bloomberg) -- ICICI Bank Ltd.'s plan for the biggest share sale by an Indian company may prompt investors to sell its stock on concern it could dilute earnings of the nation's largest lender by market value.
The bank plans to raise 200 billion rupees ($4.9 billion) by selling stock in India and American depositary shares in June, Chief Executive K.V. Kamath said April 28. Its equity will increase 20 percent. Mumbai-based ICICI raised 80 billion rupees in 2005 to meet demand for loans from companies and consumers in the world's fastest-growing major economy after China.
Read more at Bloomberg Emerging Markets News
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