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ICICI Venture sells half its stake in Info Edge

Published on Thu, Nov 23, 2006 at 09:10 |  Source : Moneycontrol.com

Updated at Thu, Nov 23, 2006 at 10:45  

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ICICI Venture has made a killing on the stock market by selling half its stake in Info Edge , reports CNBC-TV18.

According to BSE data, ICICI Venture sold nearly 11 lakh shares in Info Edge at Rs 587 a share. The total deal is valued at Rs 64 crore.

In 2000, ICICI Venture invested a little over Rs 7 crore in the company, buying over 21 lakh shares at Rs 33 each.

Post this deal, it still holds more than 10 lakh shares in the company.

  

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