ICICI Bank through its safe ICICI Venture at present has a token share on the Chennai-headquartered VA Tech Wabag which reported top line revenues of Rs 509.9 crore as of protest this time.
"Today ICICI Bank has a smaller amount than 5% in the company's share," VA Tech Wabag Managing Director Rajiv Mittal told reporters at this point.
Clothed in 2005, along with ICICI Venture, a subsidiary of ICICI Bank and Wabag India on a "reverse acquisition", bought their father company VA Tech headquartered in Austria.
Asked on whether ICICI would retail the shares to VA Tech Wabag itself, Mittal thought, "They (ICICI) can retail it to everybody. There is rebuff compulsion to retail it to us".