ICICI Bank has entered into an agreement dated 30 September 2021 for investment in equity shares of Midland Microfin (non banking financial company - microfinance institution). The Bank has invested Rs 52.42 crore for acquiring 4,508,169 equity shares of face value Rs 10.0 per share at a share premium of Rs 106.27 per share. After the investment, ICICI Bank holds 9.9% of the equity share capital of Midland and 7.3% of the total share capital of Midland.
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