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ICICI Bank raises stake in Clearing Corp. of India

ICICI Bank Ltd. raised its stake in Clearing Corp. of India Ltd. after acquiring 2.2 million equity shares for a cash consideration of 1.43 billion rupees.

ICICI Bank raised its stake to 9.9% after acquiring the shares, which account for a 4.4% stake, according to a Form 6-K filed March 16.

As of March 15, US$1 was equivalent to 64.98 Indian rupees.