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Stake sale reports speculative: Cipla's Hamied
Mint Mumbai
|August 11, 2023
Yusuf Khwaja Hamied, chairman of Cipla, called all reports of stake sales by the promoters as “speculative".
“I would like to inform you as the chairman of Cipla, that all the news that you are hearing is speculative and all the clarifications for this have been made to the stock exchange... And whatever information given to the stock exchange is in the public domain and is public knowledge," said the chairman during the 87th Annual General Meeting on Thursday.
The 87-year-old chairman’s comments come on the back of reports that the company plans to sell 33.47% of its stake in the company to private equity players including Blackstone and Baring Asia.
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