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Sovereign Wealth Funds Briefing - Categorized | Investment

Singapore government, Temasek pare stake in ICICI

Posted on 27 October 2009

From Business-standard.com: The Singapore government and its investment arm, Temasek Holdings, have been gradually reducing stake in ICICI Bank, their one of their biggest investments in India, by selling shares in the secondary market.
Their collective stake has come down to 7.29 per cent in the quarter ended September from nearly 9.27 per cent in the quarter ended June and 9.91 per cent in the quarter ended March, according to the latest shareholding pattern that the bank has filed with the National Stock Exchange……………………..Full Article: Source

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