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LIC offloads 2.12% stake in Cipla

09 Jan 2013 Evaluate

State-run Life Insurance Corporation of India (LIC) has offloaded 1.7 crore shares representing 2.12% stake of in drug manufacturer Cipla through open market transactions between August 21, 2012 and January 7, 2013. Following this, the insurer’s stake in Cipla reduced to 6.21% from 8.34%.

Meanwhile, Foreign Institutional Investors (FIIs) have raised their holding in Cipla to 20.79% in September 2012 from 13.09% at the end of December 2011.

Cipla focuses on development of new formulations and has a wide range of pharmaceutical products. It offers prescription drugs, bulk drugs, animal products and pesticides. It also offers a wide range of food and beverages, baked foods, oral hygiene products, detergents, room fresheners and personal care products.

Cipla Share Price

1238.30 7.55 (0.61%)
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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