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India's ICICI Securities sets price range for IPO

ICICI Bank Ltd. set the price range for unit ICICI Securities Ltd.'s planned IPO at 519 to 520 Indian rupees per share, the lender said in a Form 6-K filed March 14.

The share sale will include 77,249,508 of equity shares in ICICI Securities, with a proposed reservation of up to 3,862,475 equity shares for both individual and Hindu Undivided Family shareholders of the parent bank.

The IPO will kick off March 22 and close March 26.

As of March 14, US$1 was equivalent to 64.89 Indian rupees.