TEMASEK HOLDINGS' STAKE IN INDIAN ICICI BANK DIPS BY 1.85% IN Q2

Singapore Government's investment arm Temasek Holdings' stake in India's largest private sector lender ICICI Bank (BSE:532174) has reduced by 1.85 per cent during the September quarter this year.

According to the latest shareholding information of ICICI Bank available for the quarter ended September, stakeholding of Temasek Holdings, through its affiliate Allamanda Investments Pte Ltd, has lowered to 5.76 per cent from 7.61 per cent in the quarter ended June. The Government of Singapore Investment Corp's holding in the banking major has increased to 2.54 per cent during the September quarter as against 1.66 per cent at the end of three months ended June.

The stake of Deutsche Bank Trust company, which is biggest shareholder in ICICI Bank, has increased to 29.89 per cent at the end of September quarter.

Life Insurance Corporation of India holds 10.30 per cent stake in the bank.

Shares of ICICI Bank today closed down 6.11 per cent at Rs 836.25 on the Bombay Stock Exchange, while 16.60 lakh shares of the lender changed hands at the bourse.

(PTI) rw

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