FIIs ramp up ICICI Bank pie by 22% in one year

Domestic institutions on the other hand have offloaded around 4 per cent of their holding in the same period.

Total foreign holding has risen from 46.89 per cent a year back to as much as 68.33 per cent in September 2003.

FII holding in the bank, on the other hand increased from 20.48 per cent a year back, to 42.12 per cent in September.

Bulk of the increased holding from FII has been from four new entities who has collectively picked up around 17 per cent in the bank in the last few months.

The new entities were Government of Singapore which picked up 5.67 per cent stake, while Orcasia Ltd bought another 7.54 per cent. Templeton Global Advisors Ltd on the other hand picked up around 1.85 per cent.

The quarter ended September also witnessed a 2.53 per cent rise in FII holding, where Copthall Mauritius Investment Ltd pick up around 1.58 per cent.

Small Cap World Fund Inc which held around 1.5 per cent has offloaded its entire stake in the bank. Emerging Markets fund which held another 1 per cent has also offloaded its share in the bank in the last quarter.

Domestic investors, such as UTI, have offloaded more than half of its holding in the bank and now holds 1.66 per cent, while LIC has around 1 per cent in the company.

LIC's holding at present stands at 7.82 per cent. New India Assurance and General Insurance Corporation have also offloaded portion of their stakes in the bank although marginally.