MoneyWorks4Me

Ajanta Pharma’s promoters offload 3.07% stake

12 Jul 2017 Evaluate

Ajanta Pharma’s promoters have sold 27 lakh equity shares or 3.07% stake in the company. Consequent to sale, promoter holding has come down from 73.78% to 70.71% stake in the company. This sale has been done to provide liquidity to the promoters and the proceeds will be utilized for personal use.

Ajanta Pharma is a speciality pharmaceutical formulation company having branded generic business in India and emerging markets, generic business in US and institution business in Africa.

Peers
Company Name CMP
Sun Pharma. Inds. 1866.00
Dr. Reddys Labs. 1172.05
Cipla 1372.25
Lupin 2092.00
Zydus Lifesciences 1137.35
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