ICICI Bank
ICICI Bank (Industrial Credit and Investment Corporation of India) is an Indian multinational banking and financial services company. It is India’s largest private sector bank with total assets of Rs. 6,461.29 billion (US$ 103 billion) at March 31, 2015. ICICI Bank currently has a network of 4,450 Branches and 13,916 ATM’s across India.
Dodge & Cox (an American mutual fund company, founded in 1930 by Van Duyn Dodge and E. Morris Cox. From the earliest days, Dodge & Cox’s investment approach has stressed evaluation of risk relative to opportunity) which held 406,907,420 shares or 6.997% acquired 2,960,000 shares or 0.051% from the open market on the on the 10th May, 2015. Currently the firm holds shares of ICICI in 2 of its funds i.e. Dodge & Cox Global Stock Fund and Dodge & Cox International Stock Fund.
With this purchase, its increased stake now stands at 409,867,420 shares or 7.048%.
Here are the stocks held by the Dodge & Cox under its various funds. The company also only 3 Indian stocks in its global portfolio:
Disclaimer
Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.
