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Templeton MF cuts India Cements stake

Franklin Templeton MF's stake in India Cement has come down to three per cent: BSE filing

Written by Agencies | Mumbai | Published: June 8, 2012 9:09:42 pm

Franklin Templeton Mutual Fund’s stake in India Cement has come down to three per cent,according to a BSE filing.

In the filing,India Cements said following the sale of 8.85 lakh shares,through its various schemes,Franklin Templeton Mutual Fund now holds 92.16 lakh shares or three per cent stake in the company.

The sale of shares took place through open market transactions.

The fund house owned 101.01 lakh shares in India Cements prior to the transactions held in National Stock Exchange and the BSE on June 6.

The scrip of the company today closed at Rs 72.70 apiece at the BSE,down 4.66 per cent over the previous closing.

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