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Temasek, Carmignac said to be in talks for stake in ICICI's insurance unit

Thursday, March 12, 2015 - 05:50
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ICICI Bank Ltd, India's largest private- sector lender, is in talks to sell part of its stake in an insurance unit to Temasek Holdings and Carmignac Gestion for about US$300 million, sources familiar with the matter said.

Mumbai

ICICI Bank Ltd, India's largest private- sector lender, is in talks to sell part of its stake in an insurance unit to Temasek Holdings and Carmignac Gestion for about US$300 million, sources familiar with the matter said.

The Mumbai-based lender plans to complete an