Malaysian wealth fund Khazanah Nasional’s unit Sipadan Investments (Mauritius), which has a stake in IDFC Bank, has almost all of its stake in a block deal. News reports suggested the firm has sold 80.4 million shares at up to a 4% discount to the closing price of the stock. Sipadan own 90.63 million shares, or 2.67%, in IDFC Bank. It has received these shares after the demerger of the bank from IDFC. The Malaysian sovereign wealth arm has bought 8.97% stake in IDFC in March 2007 through a similar block deal.
