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  ICICI Equity Fund exits NDTV  
Indiantelevision.com Team
(1 July 2005 7:00 pm)
 
     
  MUMBAI: ICICI Equity Fund has exited from NDTV Ltd, selling its 14.93 per cent stake in installments. The last sale of 10 per cent (6,077,528 shares) was On 28 June, NDTV informed NSE today. ICICI Trusteeship Services sold on behalf of ICICI Equity Fund.

In a separate development, Franklin Templeton Mutual Fund has acquired 2.95 per cent in NDTV Ltd, taking its total stake in the company to 6.53 per cent.

The purchase in the market of 17,92,588 shares on 27 June (2.95 per cent) was done through Franklin Templeton's scheme Franklin India Flexi Cap Fund.

 
     
 

On 28 June, Shyam Basic Infrastructure Projects acquired a 7.47 per cent stake in NDTV through open market purchase.

NDTV today touched a 52-week high of Rs 237.80 and closed at Rs 226.90 up Rs 14.15, or 6.65 per cent. Over 5.7 million shares were traded on the NSE. On BSE, NDTV gained 4.78 per cent to close at Rs 237.95.