ICICI sells 8.4% of Mysore Cements

Published on Mar 30, 2006 04:29 PM IST

ICICI sold 7.3 million shares, or about 8.4 per cent of the equity, of Mysore Cements.

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None | ByReuters, Mumbai

ICICI Bank Ltd has sold 7.3 million shares, or about 8.4 per cent of the equity, of Mysore Cements Ltd, the bank's spokesman said on Thursday.

The bank had acquired the stake through a corporate debt restructuring scheme last year, the spokesman said.

Shares of Mysore Cements rose 4.6 per cent to Rs 49.65 in a firm Mumbai market.

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