The stock touched a high of Rs 548 and a low of Rs 513. It finally ended flat at Rs 523. Around 3.65 million shares were traded on the BSE today.
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(Updated at 1038 hrs)
ICICI Bank has rallied to Rs 538, up around 3.5% on stake hike buzz. The stock has seen trades of 330,921 shares so far on the BSE.
Temasek and GIC are planning to increase their stake to 10% each in ICICI Bank.
The two Singaporian investment vehiclesare currently holders of 10.3% in the bank- Tamasek 8% and GIC 2.3%.
The finance ministry and the RBI has asked the SEBI to look into the matter, whether the proposal by the Temasek Holdings and the Government of Singapore Investment Corporation to increase their stakes in the ICICI Bank to 20% would lead to an open offer.
An open offer is triggered when a company acquires more than 15% in a company.