SBI MF, Aditya Birla Sun Life buy Alkem Laboratories’ shares worth Rs 538 crore

23 Aug 2019

SBI Mutual Fund (SBI MF) and Aditya Birla Sun Life Mutual Fund have bought shares of Alkem Laboratories worth around Rs 538 crore through open market transactions.

SBI MF has bought 24 lakh shares and Aditya Birla Sun Life MF has purchased 7.5 lakh shares of the company for Rs 1,708.45 per share, while SBI MF has bought the shares for Rs 410.02 crore, Aditya Birla has acquired scrips for Rs 128.13 crore.

Alkem Laboratories is a leading Indian pharmaceutical company with global operations, engaged in the development, manufacture and sale of pharmaceutical and nutraceutical products. The company produces branded generics, generic drugs, active pharmaceutical Ingredients (APIs) and nutraceuticals, which it markets in India and International markets.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323