Members of the Hamied family, the promoters of pharmaceutical major Cipla, on Wednesday sold 2.53 per cent shares of the company in a block deal to a clutch of investors, including ICICI Prudential Mutual Fund and Aditya Birla Sun Life Mutual Fund, among others.
The proceeds worth ₹2,637 crore will be used for "creating liquidity" for specific needs including philanthropy, the Mumbai-headquartered drugmaker said in a regulatory filing. According to the exchange data, ICICI Prudential Mutual Fund picked up shares worth ₹743 crore while, Aditya Birla Sun Life Mutual Fund bought shares for ₹309 crore.
Esta historia es de la edición May 16, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición May 16, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
Al, Cloud, Super App: Adani Group To Bet Big On Tech
Planning to utilise sectoral data and train Al models
High Vegetable Prices Raise The 'Heat' In Election Season
Food inflation has emerged as one of the main talking points of the ongoing Lok Sabha polls.
India, Vietnam To Gain From 'China+1': Nomura
Bets big on RIL, BEL and Exide stocks
Millennials, Gen Z Driving Demand For Luxury Car Rentals
Mumbai and Delhi witness fastest growth in demand this year at 35% and 40%, respectively
Using private car as cab can lead to claim rejection
Insurance companies are trying to simplify the motor insurance claims process.
Retail investors make bold bets in derivatives markets
Delhi, 28 May Retail investors seem to be making bold bets in derivatives markets a few days ahead of the Lok Sabha poll outcome.
Q4 showing, valuations to keep Bosch under stress
Auto component major Bosch posted a subdued performance in the March quarter leading to the selloff.
India Vix hits two-year high
Indian equity benchmarks ended with losses for the third consecutive day amid elevated volatility ahead of the Lok Sabha election results on June 4.
A quantum leap: MFs dive into quant theme
3 fund houses lead the charge with offerings in this space
Metal firms yet to deliver on hope
Though buoyant on bourses, their earnings, sales have lagged overall listed universe in past 2 yrs