ICICI Bank which had a 10% stake in GST Network, has sold its entire 10% stake to 13 state Governments. The stake sale is for aggregate cash consideration of Rs 1 crore. The bank will transfer a 0.14 percent stake to the Assam government and 0.81 percent stake to the Telangana government. Besides, it will transfer Goa, Kerala, Manipur, Tripura, West Bengal, Delhi, Jharkhand, Uttar Pradesh, Chhattisgarh, Madhya Pradesh, and Arunachal Pradesh governments 0.82 percent stake each.
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