ICICI block trade

Temasek reduces stake in ICICI through $300 million block

The trade comes as the Indian stock market enjoys a recovery, with investors accepting a tight discount in exchange for a very liquid stock.

February 09, 2012

Allamanda Investments, a unit of Singapore state investor Temasek, has sold about a $300 million stake in ICICI Bank, cutting its holding in the Indian lender by nearly half.

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