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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Temasek to sell 3.5pct stake in ICICI Bank

Posted on 18 January 2012

Temasek Holdings, an investment arm of the Government of Singapore, is looking to offload nearly 3.5% of its stake in ICICI Bank, worth about Rs 3,000 crore, or about $600 million at current market prices.
The Singapore government arm has been looking for buyers for about three months, but two foreign broking houses which were mandated by the firm are yet to find a suitable institution willing to acquire this chunk at a price that is acceptable to both the buyer and the seller, market sources said………………………………………..Full Article: Source


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