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ICICI Bank sells 16 pc stake
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.
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