ICICI Bank Temasek stake looking for strategic interest?

The two foreign brokerages working on the mandate to sell Temasek’s 3.5% or $600 mln stake for INR 30 bln, have to find buyers acceptable to ICICI Banka nd meeting Temasek’s terms for the sale. Otherwise Temasek could have used block/bulk deals on the exchange itself to transfer the stake by now to multiple buyers or apparently Temasek is not in a hurry to sell for India’s second  line of investments have drawn up a virtual blank for the Sovereign fund esp int he banking sector as new banks are far away. 

 

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