Major Stake Sales Stir Alkem Labs and Indian Energy Exchange Markets
Jayanti Sinha sold a 1.4% stake in Alkem Laboratories for Rs 828 crore, reducing her holding to 1.04%. The transaction impacted the market, with shares closing lower. Concurrently, Dalmia Cement sold a 1.12% stake in Indian Energy Exchange for Rs 201 crore, leading to a slight stock increase.
- Country:
- India
Jayanti Sinha, a member of the promoter group of Alkem Laboratories, divested a 1.4% stake in the pharmaceutical company for Rs 828 crore through an open market transaction on Wednesday.
This sale reduced Sinha's holding from 2.46% to 1.04%, according to data from the Bombay Stock Exchange (BSE).
Meanwhile, in a similar transaction, Dalmia Cement (Bharat) sold off a 1.12% stake in Indian Energy Exchange (IEX) for Rs 201 crore on the National Stock Exchange.
(With inputs from agencies.)
- READ MORE ON:
- Alkem
- Jayanti Sinha
- stake sale
- pharma
- stock market
- IEX
- Dalmia Cement
- transaction
- BSE
- NSE
Advertisement
ALSO READ
Bridging the Gap: Europe's Stock Market Rally and The Rise of Deutsche Boerse
Bollywood Actor and Wife Banned: SEBI Cracks Down on Stock Market Scam
Chinese Stock Market Stumbles Amid Tariff Turmoil
India's Stock Market Surge: Nifty 50 Climbs Amid Record Investor Registrations
Breaking Developments in Health: From Drug Trials to Stock Market Surges
Google News