New Delhi, Feb. 6 -- Elm Park Fund, a Mauritius-based foreign institutional investor (FII), has trimmed its shareholding in cement maker India Cements.

The stake sale, carried out on February 4 by Elm Park Fund, saw the FII trimming his stake by 1.5 crore shares or 4.93%.

Before the sale, the FII held a 5.44% stake or 1.68 crore shares of India Cements. Following the stake sale, the number of shares held by the institutional investor declined to 15.94 lakhs, representing a 0.51% stake in the company.

More to come...

Published by HT Digital Content Services with permission from MINT....