LIC sells Cipla shares for Rs 665cr; cuts stake to 6.21%

Drug major Cipla said state-run Life Insurance Corporation has sold 2.12 per cent stake in it through open market transactions for Rs 665.39 crore. The insurer has reduced its stake to 6.21 per cent through the open market sales, it added. "LIC has sold 1.7 crore shares representing 2.12 per cent stake of the company between August 21, 2012 and January 7, 2013 via open market," Cipla said in a filing to the BSE.

Following the transactions, LIC's total shareholding in the company has come down to 6.21 per cent from 8.34 per cent. Meanwhile, Foreign Institutional Investors (FIIs) have raised their holding in Cipla to 20.79 per cent in September 2012 from 18.08 per cent at the end of June 2012.

Also Read:

Good performance likely from pharma in Q3: Nirmal Bang
See pharma sector's Q3 topline to grow 22%: Motilal Oswal
See pharma sector's Q3 adj PAT to grow 26% YoY: P Lilladher

Anda sedang membaca artikel tentang

LIC sells Cipla shares for Rs 665cr; cuts stake to 6.21%

Dengan url

https://gayafashionshow.blogspot.com/2013/01/lic-sells-cipla-shares-for-rs-665cr.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

LIC sells Cipla shares for Rs 665cr; cuts stake to 6.21%

namun jangan lupa untuk meletakkan link

LIC sells Cipla shares for Rs 665cr; cuts stake to 6.21%

sebagai sumbernya