Pyramid Saimira promoter sells 6.5 pct stake in co

Mon Jan 5, 2009 7:51pm IST

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MUMBAI, Jan 5 (Reuters) - Cinema operator Pyramid Saimira Theatre Ltd (PYSA.BO: Quote, Profile, Research) said on Monday a promoter of the company had sold 6.5 percent of his stake in the company through open market sale.

Nirmal Kotecha's shareholding in Pyramid Saimira will be reduced to 15.5 percent after the sale, according to the company's statement to the stock exchange. (Reporting by Bharghavi Nagaraju; Editing by Sunil Nair)

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