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FDC’s promoter to sell 67% stake: Report

24 Dec 2012 Evaluate

FDC’s promoters are reportedly planning to sell their 67 per cent stake in the company. A combined 2.58 million shares of pharmaceutical company have already been exchanged on the counter in morning deals against an average sub 100,000 shares that were traded daily in past two weeks on both the exchanges.

FDC made a modest beginning in 1936, with marketing of vitamins and a range of prescription formulations. FDC set up its first formulations manufacturing facility in 1949. Subsequently, in 1963, FDC pioneered the manufacture of specialized ophthalmic formulations in India.

FDC Share Price

358.65 2.60 (0.73%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1675.20
Dr. Reddys Lab 1235.40
Cipla 1238.30
Zydus Lifesciences 942.55
Lupin 2324.25
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