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.
