Aurobindo Pharma promoter pledges 20.5% stake

Aurobindo Pharma today said one its promoter P V Ramprasad Reddy has pledged 20.50 per cent stake in the company for an undisclosed amount.

In a filing on the Bombay Stock Exchange, the company said Reddy has pledged over 1.10 crore shares representing 20.50 per cent stake in the company.

Shares of  Aurobindo Pharma were trading at Rs 161, up 1.77 per cent on the BSE.