FIIs stake in ICICI Bank hits six-year high

MUMBAI, Apr 17 (Business Standard): Foreign institutional investors (FIIs) are continuing their buying spree in ICICI Bank, with their holdings in the country's leading private sector lender touching a six-year high of 39.85 per cent in the January-March period of 2014.

FIIs bought an additional 1.46 percentage points stake in ICICI Bank during the March quarter, as per the latest information available with the stock exchanges. FIIs held 38.39 per cent stake in the bank during the October-December quarter.

Moreover, the current FII holding of 39.85% in the country's second largest private sector bank in terms of market capitalisation is the highest in six years.