Mumbai, Sept 26: India's largest private sector bank, ICICI Bank, has sold about a 16 per cent stake to a group of investors, including Canada's Lombard and funds managed by the government of Singapore, a senior official said on Thursday. "We sold the stake at Rs 130 a share, or Rs 1318 crore," Executive Director Kalpana Morparia said.

"We made a capital gain of Rs 1193 crore on the transaction."

She said other buyers of the shares included Prudential Portfolio Managers and some other foreign funds. Bureau Report