ICICI says no talks with Nigeria's Spring Bank

ICICI Bank said on Wednesday it was not in talks with Nigeria's Spring Bank about any investment, denying a statement made a day earlier by the Nigerian lender.

June 15, 2011 / 15:41 IST

26 Aug, 2025 12:21

Volume

Todays L/H

ICICI Bank said on Wednesday it was not in talks with Nigeria's Spring Bank about any investment, denying a statement made a day earlier by the Nigerian lender.

"ICICI Bank is not in discussions with Spring Bank for any investment," a spokesman for the Indian bank said.

Spring Bank said in a statement on Tuesday it was in recapitalisation talks with several possible investors including ICICI and US-based private equity firm Cloudleap Partners.

first published: Jun 15, 2011 03:37 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347