ICICI Prudential sells 2.05% stake in Tata Chemicals

New Delhi: ICICI Prudential Life Insurance Company has sold 2.05 per cent stake, or over 52 lakh shares, in Tata Chemicals through open market transactions.

After sale of these shares, the insurance firm's stake in Tata Chemicals has come down to 2.97 per cent from 5.02 per cent, 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 fertiliser business.