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This is an archive article published on June 15, 2011

No talks with Nigeria’s Spring Bank: ICICI

ICICI Bank said on Wednesday it was not in talks with Nigeria's Spring Bank about any investment.

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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.

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