Singapore state investment group Temasek Holdings has sold a 1.4 percent stake in ICICI Bank, India's No. 2 lender, raising $299 million in the latest signal investors are using a rally in the Indian market as an exit opportunity.
The open market sale, announced on Wednesday, came less than a week after U.S. private equity firms Carlyle Group and Warburg Pincus pared their stakes in two financial companies in deals worth $440 million. Full story
