ICICI Prudential cuts 2.05% stake in Tata Chemicals

ICICI Prudential Life Insurance Company has sold 2.05 percent stake, or over 52 lakh shares, in Tata Chemicals through open market transactions.

After the sale of these shares, the insurance firm's stake in Tata Chemicals has come down to 2.97 percent from 5.02 percent, according to a regulatory filing.

Tata Chemicals is engaged in the business of salt, chemicals, and crop nutrition. It also sells spices and pulses under Tata Sampann brand. The company has exited from the fertilizer business.

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