Singapore government's investment arm Temasek Holdings' unit Allamanda Investments on Wednesday sold shares worth $300 million (about Rs.1,500 crore) in 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.

Sources said that Goldman Sachs was only managing the transaction, but did not divulge the name of the entity on whose behalf these shares were purchased.

The shares of ICICI Bank on Wednesday slipped by 1.8 per cent to close at Rs.919.85, after hitting an intra-day low of Rs.909.80 and a high of Rs.930. In various open market transactions, Temasek unit Allamanda Investments Pte. Ltd. sold about 1.59 crore shares of ICICI Bank at a price of Rs.924.05 a share, thus garnering about Rs.1,470 crore from the sale through bulk deals at the National Stock Exchange.

At the same time, Goldman Sachs Investments (Mauritius) purchased about 64.6 lakh shares of ICICI Bank for about Rs.600 crore through bulk deals at the NSE.


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