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Temasek will not gain control of ICICI Bank: Kamath
Monday, June 25, 2007 justsamachar.com
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Finance
)
ICICI Bank CEO K.V. Kamath said that the ICICI shares will remain widely held and the lender is not likely to have a controlling shareholder such as Singapore state investor Tema-sek. Kamath added that investor talk that Temasek Holdings or the Government of Singapore Investment Corp (GIC) could accumulate a controlling stake in ICICI "is purely speculative".
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