Pharmaids Pharmaceuticals’ promoter -- Sadhanala Venkata Rao has offloaded 6.98 percent stake in the company via open market transactions on June 6. With this, Rao's shareholding in the company stands reduced to 15.41 percent, down from 22.39 percent earlier.
Pharmaids Pharmaceuticals is engaged in the business of trading and manufacturing of generics, bulk drugs and intermediaries etc.