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Fosun Pharma sold 4.5% stake in Gland Pharma for Rs 2,121 crore

They publishedFosun Pharma sells 4.5% stake in Gland Pharma for Rs 2,121 crore
Who / What / Where / When
Who
Thehindubusinessline — Unknown
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What
  • Fosun Pharma Industrial Pte Ltd sold 75,05,500 shares, a 4.55% stake in Gland Pharma.
  • The transactions reduced Fosun Pharma's holding in Gland Pharma below 50% to 47.22%.
  • Average deal price was Rs 2,826.60 per share, total value Rs 2,121.50 crore.
  • Mutual funds, insurers and foreign investors bought the shares in equal amounts.
  • Gland Pharma’s Q1 earnings rose with net profit up 47% and revenue up 19.5%.
Where
Unknown (outlet HQ)
topics: Finance, Economy · language: eng
When
published 5 Sept, 16:49Z
ingested 5 Sept, 17:14Z
Rewrite
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Retrieved
https://www.thehindubusinessline.com/markets/stock-markets/fosun-pharma-sells-45-stake-in-gland-pharma-for-rs-2121-crore/article71433130.ece
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