FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of Foreign Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
For
the
month of June 2007
Commission
File Number: 001-15002
ICICI
Bank Limited
(Translation
of registrant’s name into English)
ICICI
Bank
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 Form 20-F or Form 40-F.
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Form
20-F X
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Form
40-F
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Indicate
by check mark if the registrant is submitting the Form 6-K
in
paper
as permitted by Regulation S-T Rule 101(b)(1):
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Yes
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No X
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Indicate
by check mark if the registrant is submitting the Form 6-K
in
paper
as permitted by Regulation S-T Rule 101(b)(7):
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Yes
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No X
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Indicate
by check mark whether by furnishing the information
contained
in this Form, the Registrant is also thereby furnishing the
information
to the Commission pursuant to Rule 12g3-2(b)
under
the
Securities Exchange Act of 1934:
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Yes
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No X
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If
“Yes”
is marked, indicate below the file number assigned to the registrant
in
connection
with Rule 12g 3-2(b): Not Applicable
Table
of Contents
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Item
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1.
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Letter
to National Stock Exchange of India Limited, dated June 12,
2007
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SIGNATURE
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.
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ICICI
Bank Limited
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Date:
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June 12,
2007
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By:
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/s/
Jyotin
Mehta
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Name
:
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Jyotin
Mehta
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Title :
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General
Manager & Company
Secretary
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Item
1
Jyotin
Mehta
General
Manager & Company Secretary
June
12,
2007
Mr.
Hari
K.
Assistant
Vice President
National
Stock Exchange of India Kimited
Exchange
Plaza, Plot No. C/1, G Block
Bandra
Kurla Complex, Bandra (East)
Mumbai
400
051
Dear
Sir,
Re-organisation
of subsidiaries
Pursuant
to our intimation of March 3, 2007 (copy enclosed for ready reference),
we have
to inform you as under:
At
the
outset, we have to inform you that Registrar of Companies, Vadodara has
approved
the name 'ICICI Financial Services' for the subsidiary proposed to be set
up by
ICICI Bank Limited (in lieu of the earlier proposed name name of 'ICICI
Holdings').
Further,
pursuant to initiation of discussions with potential investors for investment
in
the proposed new subsidiary, we have received definitive offers from investors
for subscription to equity shares of the proposed new subsidiary and for
entering into definitive agreements for this purpose. The subscription
amount is
Rs. 26.50 billion towards fresh issue of shares by the proposed new subsidiary,
and the investors would thereby acquire a collective stake of 5.9% in the
proposed new subsidiary, valuing it at Rs. 446.00 billion on a post-issue
basis.
The arrangement is subject to receipt of regulatory and other approvals
including that of the Reserve Bank of India, the Insurance Regulatory &
Development Authority and the Foreign Investment Promotion Board, and would
terminate failing receipt of such approvals within a mutually agreed
date.
Please
take the details on record and advise all members of the Stock Exchange
accordingly.
Yours
faithfully,
/s/
Jyotin
Mehta
Jyotin
Mehta
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ICICI
Bank Limited
ICICI
Bank Towers
7th
Floor, North Tower
Bandra-Kurla
Complex
Mumbai
400 051, India
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Tel.
(+91-22) 2653 6701
Fax
(+91-22) 2653 1228
jyotin.mehta@icicibank.com
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Regd.
Office: "Landmark"
Race
Course Circle
Vadodara
390 007, India
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