Public Notice: E-Auction of Assignment of Financial Assets by ICICI Bank Limited
a Regd. Office: ICICI Bank Limited, ICICI Bank Tower, Near Chakli Circle, ICICI Banal 01d ?ccra Road, Vocodara, Gujarat. Pin- 390 007
Corporate Office: ICICI Bank Towers, Bandra-Kurla Complex, Bandra (E), Mumbai- 400 051
Regional Office: ICICI Bank Limited, NOCC Blove, Progad, Vinar, New Delhi 110 003
PUBLIC NOTICE
E-AUCTION OF ASSIGNMENT OF FINANCIAL ASSETS
In terms of the policy of ICICI Bank Limited (ICICI Bank) on Sale of Financial Assets and in line with the regulatory guidelines, ICICI Bank hereby invites EOI from interested Scheduled Commercial Banks, Small Finance Banks, ARCs, NBFCs, and FIs for the purchase of eleven Non-Performing Assets (Financial Assets) on the terms and conditions indicated herein. It is hereby clarified that confirmation of the name of the successful bidder will be subject to final approval by the competent authority of ICICI Bank.
Submission of Expression of interest (EOI)
Reserve Price Term of sale
% 1980 million, 100% Cash basis
Schedule for E-Auction:
Sr. No. Activity Date & Time
a
October 21, 2024, latest by 5:00 PM.
Execution of Non-Disclosure Agreement (NDA)
(if not already executed with ICICI Bank)
October 21, 2024, latest by 5:00 PM.
Release of Offer Document along with By October 21, 2024 Preliminary Information Memorandum (PIM)
Taccess to data room for due diligence October 22, 2024, to November 05, 2024
Submission of Bid Form
November 06, 2024, latest by 3:00 PM.
November 07, 2024, From 10:00 AM. to 11:00 AM. with auto extension of five minutes till sale is completed
TERMS & CONDITIONS
1. The sale of the aforesaid Financial Asset(s) is on As is Where is Basis, As is What is Basis, and Without Recourse Basis.
2. The e-bidding process if required will be conducted through M/s e-Procurement Technologies Ltd (Auction tiger) on the website of the auction agency i.e. https://icicibank.auctiontiger.net as detailed above. The e-bidding process shall be subject to terms & conditions contained in the offer document which will be made available to Parties post execution of NDA.
For any further clarifications with regard to data room terms and conditions of the auction, kindly contact Mr. Shubham Bansal (7977715165) and for submission of EOI Bids email at [email protected] or send by post to Mr. Shubham Bansal at ICICI Bank Limited, NBCC Place, Bhishma Pitamah Marg, New Delhi- 110003.
ICICI Bank will not be responsible/liable in case of non-receipt of EOI by ICICI Bank for reasons beyond the control of the Bank. Interested Parties are expected to take efforts to find out the status of communication sent by them to ICICI Bank to ensure their participation in the auction process.
This notice and contents hereof are subject to any prevailing laws, rules, and regulations of India.
Date: October 19, 2024
SD/- Authorised Signatory
For ICICI Bank Limited
Process of e-bidding
