Capital Group exits Neuland Labs; sells 3.77 pc stake for Rs 756 crore
Capital Group on Thursday exited Neuland Laboratories by selling 3.77 per cent stake in the company for Rs 756 crore through an open market transaction. Neuland is a leading global API Contract Development and Manufacturing Organisation.
US-based Capital Group through its arm SmallCap World Fund Inc offloaded shares through a bulk deal on the National Stock Exchange (NSE).
As per the data, SmallCap World Fund Inc sold 4.84 lakh shares or 3.77 per cent stake in Hyderabad-based Neuland Laboratories.
The shares were disposed of at an average price of Rs 15,618.16 apiece, taking the transaction value to Rs 756.60 crore.
Details of the buyers of Neuland Laboratories' shares could not be ascertained on the NSE.
Stock Trading
Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading
By — Rohit Srivastava, Founder- Indiacharts.com
Stock Trading
Candlesticks Made Easy: Candlestick Pattern Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Derivative Analytics Made Easy
By — Vivek Bajaj, Co Founder- Stockedge and Elearnmarkets
Stock Trading
Stock Investing Made Easy: Beginner's Stock Market Investment Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
A2Z of Stock Market for Beginners: Stock Market Course For Beginners
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Ichimoku Trading Unlocked: Expert Analysis and Strategy
By — Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert
Stock Trading
Stock Valuation Made Easy
By — Rounak
