ICICI seeks impounding of ships operated by HLT unit Ocean Tankers: source [Reuters]
ICICI Bank Limited (IBN)
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Source: Reuters
ICICI seeks impounding of ships operated by HLT unit Ocean Tankers: source NEW DELHI/SINGAPORE (Reuters) - India’s ICICI Bank is seeking the impounding of two vessels operated by Ocean Tankers (Pte) Ltd, a unit of Singapore oil-trading company Hin Leong Trading Pte Ltd (HLT), an ICICI source said on Monday. The tankers, Wu Yi San and Chang Bai San, were carrying cargoes financed by ICICI, the source said, adding that the bank had about $100 million exposure to HLT. According to a court filing reviewed by Reuters, HLT’s founder and director had directed his firm not to disclose hundreds of millions of dollars in losses over several years. Shares of ICICI Bank fell about 4% after Reuters reported ICICI’s exposure to HLT. ICICI, Hin Leong and Ocean Tankers did not immediately respond to Reuters emails seeking comments.
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News
- Macquarie Systematic Emerging Markets Equity Fund Q3 2025 Commentary [Seeking Alpha]Seeking Alpha
- Low-cost bank accounts available at 14 banks [Investment Executive - News]Investment Executive - News
- ICICI Bank (NYSE:IBN) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=IBN&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> froMarketBeat
- ICICI Bank: Growth Outlook Improving Despite Recent Slowdown, Rating Upgrade [Seeking Alpha]Seeking Alpha
- ICICI Bank (NYSE:IBN) is now covered by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>. They set a "hold (c+)" rating on the stock.MarketBeat
IBN
Sec Filings
- 12/3/25 - Form 6-K
- 12/1/25 - Form 6-K
- 12/1/25 - Form 6-K
- IBN's page on the SEC website