You are here: Home » PTI Stories » National » News
Business Standard

Promoters divest 3.07 pc stake in Ajanta Pharma

Press Trust of India  |  New Delhi 

Drug firm today said its promoters have sold 27 lakh in the company representing about 3.07 per cent of its paid-up capital.

Consequent to the sale, the promoter holding in the company has come down from 73.78 per cent to 70.71 per cent, said in a filing to

"Ganga Exports, a promoter group entity has sold 27 lakh in the company, representing 3.07 per cent of paid up capital," said.

At today's closing price, the deal would be worth over Rs 400 crore, though the company did not say when the were sold.

"This sale has been done to provide liquidity to the promoters and the proceeds will be utilised for personal use," Ajanta Pharma said.

Shares of Ajanta Pharma today closed at Rs 1,497.85 per scrip on BSE, down 2.63 per cent from its previous close.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 11 2017. 18:58 IST