State-owned Life Insurance Corporation (LIC) has
trimmed its stake in Tata Chemicals by over two percent by selling 52.87
lakh shares in the open market. LIC, which had 6.19% stake earlier,
brought down its shareholding in the company to 4.12% by selling shares
between March 19, 2013, and October 10, 2014.
Tata
Chemicals is the world’s second largest producer of soda ash with
manufacturing facilities in Asia, Europe, Africa and North America. The
company’s industry essentials product range provides key ingredients to
some of the world’s largest manufacturers of glass, detergents and other
industrial products.
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