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Journalism of Courage
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 U.S.-based private equity firm Cloudleap Partners.
