Block deals: Cipla promoters offload 1.72% stake

Samina Hamied sold 89.54 lakh shares (1.11 percent) and Rumana Hamied sold 49.43 lakh shares (0.61 percent) at a price of Rs 1,518.75 per share.

Moneycontrol News

December 02, 2024 / 20:16 IST

Representational image

Cipla promoters Samina Hamied and Rumana Hamied sold 1.39 crore shares (1.72 percent stake) in separate block deals on December 2.

Samina Hamied sold 89.54 lakh shares (1.11 percent) and Rumana Hamied sold 49.43 lakh shares (0.61 percent) at a price of Rs 1,518.75 per share.

The deal saw multiple buyers including Abu Dhabi Investment Authority (55,300 shares), UBS Principal Capital Asia Limited (1.39 lakh shares), Axis Mutual Fund (7.23 lakh shares), Bandhan Mutual Fund (1.11 lakh shares), BNP Paribas Financial Markets (66,767 shares), BOFA Securities Europe SA (1.39 lakh shares), BOFA Securities Europe SA - ODI (1.34 lakh shares), Canara HSBC Life Insurance Company Limited (66,764 shares), Citigroup Global Markets Mauritius Private Limited (ODI) (5.17 lakh shares), Citigroup Global Markets Mauritius Pvt Ltd (1.39 lakh shares), Copthall Mauritius Investment Limited (66,762 shares) and Copthall Mauritius Investment Ltd (1.11 lakh shares).

Other buyers included Dendana Investments Mauritius Limited (1,850 shares), DSP India Fund India Long Short Strategy Fund with Cash Management Option (1.11 lakh shares), DSP Mutual Fund (22.25 lakh shares), Edelweiss Life Insurance Company Limited (66,766 shares), Goldman Sachs (Singapore) Pte (66,759 shares), Goldman Sachs Investments (Mauritius) I Limited - Short Term (66,763 shares), Government of Singapore (24.03 lakh shares), ICICI Prudential Mutual Fund (16.69 lakh shares), India Acorn ICAV A/C AIO (54,116 shares), Kotak Mahindra Mutual Fund (2.78 lakh shares), and the Monetary Authority of Singapore (3.78 lakh shares).

Collectively, the buyers purchased 87.14 lakh shares at Rs 1,518.75 per share.