Foreign fund house Credit Suisse has reportedly sold 0.52% of its stake in IOL Chemicals & Pharmaceuticals for an estimated Rs 22.70 lakh. Credit Suisse has sold 1.3 lakh shares of IOL Chemicals at an average price of Rs 16.7 to Venus Capital.
IOL Chemicals & Pharmaceuticals is one of the largest manufacturers of APIs and specialty chemicals with presence in over 57 countries across the world. It manufactures and supplies APIs and specialty chemicals for use in various pharmaceutical, textile, packaging, lamination, pesticides and food processing applications.
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