Egypt’s Orascom Telecom has brought down its stake in HTIL to 14.3 per cent from 16.3 per cent by selling about 95 million shares for approximately $130 million.

Egypt’s Orascom Telecom has brought down its stake in HTIL to 14.3 per cent from 16.3 per cent by selling about 95 million shares for approximately $130 million. In October 2007, Orascom sold 3 per cent stake in HTIL for about $195 million.