Cipla shares in focus as promoters Samina and Rumana Hamied offload 1.72% stake for Rs 2,111 crore
Cipla shares are in focus today after Samina Hamied and Rumana Hamied, promoters of the pharmaceutical company, exited by selling their 1.72% stake for Rs 2,111 crore through open market transactions. Investors including the Singapore government, Societe Generale, Abu Dhabi Investment Authority, BNP Paribas, BofA Securities, Citigroup, Morgan Stanley, Goldman Sachs, Norges Bank, UBS, and Copthall Mauritius bought stakes in Cipla.
According to block deal data available on the National Stock Exchange (NSE), Samina sold 89.54 lakh shares of Cipla, while Rumana Hamied offloaded 49.43 lakh shares, amounting to a 1.11% and 0.61% stake, respectively.
The shares were disposed of at an average price of Rs 1,518.75 apiece, bringing the combined transaction value to Rs 2,110.76 crore.
Post-sale, the combined promoter and promoter group holding in Cipla has decreased to 29.2% from 30.92%.
In addition to the major institutional investors, DSP Mutual Fund, Axis Mutual Fund, Aditya Birla Sun Life Mutual Fund, ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund, SBI Life Insurance, and Tata AIA Life Insurance also acquired shares in Cipla.
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