News Business ICICI Bank falls on worries about exposure to Jaiprakash group

ICICI Bank falls on worries about exposure to Jaiprakash group

New Delhi: Shares of ICICI Bank fell 3.4 per cent due to bank's exposure to debt-laden Jaiprakash group which is worrying investors.Jaiprakash Power Ventures' deal to sell its hydropower business to Reliance Power (RPOL.NS) has

icici bank falls on worries about exposure to jaiprakash group

India TV Business Desk Published : Sep 25, 2014 17:21 IST Updated : Sep 25, 2014 17:22 IST

New Delhi: Shares of ICICI Bank fell 3.4 per cent due to bank's exposure to debt-laden Jaiprakash group which is worrying investors.

Jaiprakash Power Ventures' deal to sell its hydropower business to Reliance Power (RPOL.NS) has collapsed.

Also, the Supreme Court on Wednesday de-allocated all the four coal blocks awarded to the group.