Strategic Ventures Fund (Mauritius) has divested 0.55% stake in Valiant Communications on Tuesday for Rs 0.54 million.

It has sold 0.04 million shares at a price of Rs 13.56 on the BSE.

Valiant Communications is a manufacture of telecom transmission equipment and solutions with installations in over 100 countries, worldwide.

Shares of the company declined Rs 0.23, or 1.68%, to settle at Rs 13.50. The total volume of shares traded was 41,275 at the BSE (Tuesday).