Mumbai, Aug 16 (TIWN) The Government of Singapore has increased its stake in ICICI Bank as it took up 11.08 per cent stake in the latest qualified institutional placement (QIP) of the bank's shares with an investment of Rs 1,662.71 crore.

In a regulatory filing, the bank said that the Government of Singapore was offered over 4.64 crore shares in the QIP amounting to 11.08 per cent stake.