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Journalism of Courage
Singapore governments investment arm Temasek Holdings unit Allamanda Investments has sold shares worth $300 million (about Rs 1,500 crore) in Indias largest private sector lender ICICI Bank.
As per the bulk deal transaction data at stock exchanges,about 40 per cent of the sold shares were acquired by global financial services giant Goldman Sachs,but the identity of the other buyers could not be ascertained. The shares of ICICI Bank today slipped 1.8 per cent to close at Rs 919.85.
The Temasek unit sold about 1.59 crore shares of ICICI Bank at a price of Rs 924.05 a piece,thus garnering about Rs 1,470 crore from the sale through bulk deals at the NSE. At the same time,Goldman Sachs Investments (Mauritius) Ltd purchased about 64.6 lakh shares of ICICI Bank for about Rs 600 crore through bulk deals at the NSE. Temasek has been gradually paring its stake in ICICI Bank for the past few years and it had raised its stake in the Indian lender to about 9 per cent at one point of time.
