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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek, GIC cut stakes in India’s ICICI

Posted on 28 October 2009

From Channelnewsasia.com: Singapore’s Temasek Holdings and Government of Singapore Investment Corporation (GIC) have cut their stakes in India’s second biggest lender ICICI.

Wire reports, citing data from the Bombay Stock Exchange, said on Tuesday that Temasek trimmed its stake in ICICI through its Indian arm, Allamanda Investments, from 7.6 per cent at the end of June, to 5.76 per cent as of September 30………………………Full Article: Source

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