SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G/A
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES
13d-1(b), (c) and (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2
(Amendment No. _____2____________)(1)
ICICI BANK LIMITED
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(Name of Issuer)
EQUITY SHARES
---------------------------------
(Title of Class of Securities)
INE090A01013(2)
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(CUSIP Number)
DEC, 31 2003
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1 (b)
[X] Rule 13d-1 (c)
[ ] Rule 13d-1 (d)
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(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
(2) This Schedule 13G relates to ownership of equity shares which are not
publicly traded in the United States. The CUSIP number for the American
Depositary Shares, each representing two equity share, is 45104G104
The information required in the remainder of this cover shall not be deemed to
be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934
or otherwise subject to the liabilities of that section of the Act but shall be
subject to all other provisions of the Act (however, see the Notes).
Schedule 13G Forms
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CUSIP NO. 45104G104 13G Page 2 of 8 Pages
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1. NAME OF REPORTING PERSONS
I.R.S IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
GOVERNMENT OF SINGAPORE INVESTMENT CORPORATION PTE LTD
(NONE)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
SINGAPORE
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NUMBER OF SHARES 5. SOLE VOTING POWER 0
BENEFICIALLY OWNED --------------------------------------------------------
BY EACH REPORTING 6. SHARED VOTING POWER 32,234,461
PERSON WITH --------------------------------------------------------
7. SOLE DISPOSITIVE POWER 0
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8. SHARED DISPOSITIVE POWER 32,234,461
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
32,234,461
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.24%
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12. TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILING OUT!
Schedule 13G Forms
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CUSIP NO. 45104G104 13G Page 3 of 8 Pages
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1. NAME OF REPORTING PERSONS
I.R.S IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
GOVERNMENT OF SINGAPORE
(NONE)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
SINGAPORE
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NUMBER OF SHARES 5. SOLE VOTING POWER 0
BENEFICIALLY OWNED -------------------------------------------------------
BY EACH REPORTING 6. SHARED VOTING POWER 20,694,989
PERSON WITH -------------------------------------------------------
7. SOLE DISPOSITIVE POWER 0
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8. SHARED DISPOSITIVE POWER 20,694,989
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,694,989
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.36%
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12. TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILING OUT!
Schedule 13G Forms
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CUSIP NO. 45104G104 13G Page 4 of 8 Pages
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1. NAME OF REPORTING PERSONS
I.R.S IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
MONETARY AUTHORITY OF SINGAPORE
(NONE)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
SINGAPORE
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NUMBER OF SHARES 5. SOLE VOTING POWER 0
BENEFICIALLY OWNED ------------------------------------------------------
BY EACH REPORTING 6. SHARED VOTING POWER 11,539,472
PERSON WITH ------------------------------------------------------
7. SOLE DISPOSITIVE POWER 0
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8. SHARED DISPOSITIVE POWER 11,539,472
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,539,472
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.88%
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12. TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILING OUT!
PAGE 5 OF 8
ITEM 1(a). NAME OF ISSUER
ICICI Bank Limited
ITEM 1(b). ADDRESS OF ISSUERS' PRINCIPAL EXECUTIVE OFFICES
ICICI Bank Towers
4th Floor South Tower
Bandra-Kurla Complex
Bandra (East)
Mumbai 400 051
India
ITEM 2(a). NAME OF PERSON FILING
I Government of Singapore Investment Corporation Pte Ltd
II Government of Singapore
III Monetary Authority of Singapore
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE
I 168 Robinson Road
#37-01 Capital Tower
Singapore 068912
II & III c/o Government of Singapore Investment Corporation Pte Ltd
168 Robinson Road
#37-01 Capital Tower
Singapore 068912
ITEM 2(c). CITIZENSHIP
I, II & III Singapore
ITEM 2(d). TITLE OF CLASS OF SECURITIES
Equity Shares
ITEM 2(e). CUSIP NUMBER
INE090A01013, 45104G104 (for ADS)
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-I(b) OR 13D-2(b) OR
(c), CHECK WHETHER THE PERSON FILING IS A
N.A.
IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(c), CHECK THIS BOX. [x]
PAGE 6 OF 8
ITEM 4. OWNERSHIP
The aggregate number of securities and percentage of the class of
securities of the Issuer beneficially owned by each Reporting Person named in
Item 2(a), as well as the number of securities as to which such person is deemed
to have sole power to vote or to direct the vote, shared power to vote or to
direct the vote, sole power to dispose or to direct the disposition, shared
power to dispose or direct the disposition, is set forth in the following table:
Power to Vote Power to Dispose
No of Securities -------------------- ----------------------
Person Beneficially Owned Sole(1) Shared(1) Sole(1) Shared(1)
------ ------------------ ------- ---------- ------- ---------
Government of Singapore Investment
Corporation Pte Ltd 32,234,461 0 32,234,461 0 32,234,461
Government of Singapore 20,694,989 0 20,694,989 0 20,694,989
Monetary Authority of Singapore 11,539,472 0 11,539,472 0 11,539,472
Total(2) (all Reporting Persons) 32,234,461 0 32,234,461 0 32,234,461
(1) The Government of Singapore Investment Corporation Pte Ltd shares power
to vote and power to dispose of the 20,694,989 securities beneficially owned by
it with the Government of Singapore, shares power to vote and dispose of the
11,539,472 securities beneficially owned by it with the Monetary Authority of
Singapore.
(2) The reporting persons disclaim membership in a group.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
N.A.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
N.A.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
N.A.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
N.A.
PAGE 7 OF 8
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
N.A.
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
MATERIAL TO BE FILED AS EXHIBITS
1. Power of Attorney by Minister for Finance, Singapore dated 5 March 1998
2. Power of Attorney by Monetary Authority of Singapore dated 6 March 1998
(incorporated by reference to Exhibit No. 1 and 2 to Schedule 13G, dated March
23, 1998 regarding SPDR Trust Series 1).
PAGE 8 OF 8
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Jan, 8 2004 Government of Singapore Investment
----------------------- Corporation Pte Ltd
Date
By /s/ Ho Yuit Mun /s/ Kelvin Lim
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Ho Yuit Mun Kelvin Lim
Assistant Director Regional Manager
Government of Singapore
by Government of Singapore Investment
Corporation Pte Ltd, its attorney-in-fact
By /s/ Ho Yuit Mun /s/ Kelvin Lim
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Ho Yuit Mun Kelvin Lim
Assistant Director Regional Manager
Monetary Authority of Singapore
by Government of Singapore Investment
Corporation Pte Ltd, its attorney-in-fact
By /s/ Ho Yuit Mun /s/ Kelvin Lim
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Ho Yuit Mun Kelvin Lim
Assistant Director Regional Manager