United States
Securities and Exchange Commission
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 under
the Securities Exchange Act of 1934
For the month of January 2002
ICICI Limited
(Translation of registrant's name into English)
ICICI Towers
Bandra-Kurla Complex
Mumbai, India 400 051
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g 3-2(b) under the Securities
Exchange Act of 1934.
Yes No X
--- ---
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g 3-2(b).
Not applicable.
INDEX TO EXHIBITS
Item
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1. Press announcement by ICICI Limited.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Dated: January 31, 2002
ICICI Ltd.
By: /s/ Jyotin Mehta
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Name: Jyotin Mehta
Title: General Manager & Company Secretary
Item 1
ICICI Limited
ICICI shareholders approve merger
A meeting of the equity shareholders of ICICI Limited (NYSE: IC) was held on
January 30, 2002 at Mumbai (India) in terms of the order of the High Court of
Judicature at Bombay (the Court), to consider the Scheme of Amalgamation (the
Scheme) of ICICI Limited, ICICI Capital Services Limited and ICICI Personal
Financial Services Limited with ICICI Bank Limited (NYSE: IBN). In terms of the
order of the Court, the approval of the shareholders for the Scheme was sought
through the process of ballot. The Scheme was approved by an overwhelming
majority of 99.9 per cent of the votes polled by shareholders present and
voting at the meeting.
The Scheme was earlier approved by the shareholders of ICICI Bank at their
meeting held on January 25, 2002 at Vadodara. The Scheme is further subject to
the approval of the High Court of Judicature at Bombay, the High Court of
Gujarat at Ahmedabad, Reserve Bank of India and such other authorities as may
be required. The Scheme would come into effect from the date on which the
Reserve Bank of India's approval becomes effective or the Effective Date of the
Court order, whichever is later.
Forward-Looking Statements
Except for the historical information contained herein, statements in this
release which contain words or phrases such as "will", "aim", "will likely
result", "believe", "expect", "will continue", "anticipate", "estimate",
"intend", "plan", "contemplate", "seek to", "future", "objective", "goal",
"project", "should", "will pursue" and similar expressions or variations of
such expressions may constitute "forward-looking statements". These
forward-looking statements involve a number of risks, uncertainties and other
factors that could cause actual results to differ materially from those
suggested by the forward-looking statements. These risks and uncertainties
include, but are not limited to our ability to successfully implement our
strategy, future levels of non-performing and restructured loans, our growth
and expansion, the adequacy of our allowance for credit losses, technological
changes, investment income, cash flow projections, our exposure to market risks
as well as other risks detailed in the reports filed by ICICI Limited with the
Securities and Exchange Commission of the United States. ICICI undertakes no
obligation to update forward-looking statements to reflect events or
circumstances after the date thereof.
For press queries please call Madhvendra Das at 91-22-653 6124 or email at
das@icici.com
For investor queries please call Rakesh Jha at 91-22-653 8902 or Anindya
Banerjee at 91-22-653 7131 or email at ir@icici.com
January 31, 2002
END