Other Deals - Listed Firms
Alkem Labs promoters sell 1.5% stake for Rs.930-Cr
Promoter family entities of Mumbai-based, publicly listed pharmaceutical company Alkem Laboratories have divested a 1.5% stake through a block deal totalling INR 930 crore. The transaction involved the sale of 17.88 lakh shares at a price of INR 5,200 per share.The promoter entities involved in the stake sale include Jayanti Sinha and the Samprada & Nanhamati Singh Family Trust.Alkem has a presence in acute therapies, chronic segments, and international markets. The firm plans to use the capital generated from this divestment to further support its business operations.
For FY25, Alkem Laboratories had reported about INR 8,813 Cr in Operating Income and about INR 2,281 Cr in PAT.
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