Ipca Laboratories Promoter Sells 1.6% Stake for Rs 600 Crore
By Rediff Money Desk, New Delhi Dec 18, 2024 21:00
Usha Madhukar Chandurkar, a promoter of Ipca Laboratories, sold a 1.6% stake in the pharmaceutical company for Rs 600 crore through an open market transaction. The shares were sold at an average price of Rs 1,501.52 apiece.

New Delhi, Dec 18 (PTI) Usha Madhukar Chandurkar, one of the promoters of Ipca Laboratories, on Wednesday divested a 1.6 per cent stake in the pharmaceutical company for Rs 600 crore through an open market transaction.
According to the bulk deal data available with the BSE, Usha Madhukar Chandurkar offloaded 40 lakh shares, amounting to a 1.6 per cent stake in Ipca Laboratories.
The shares were disposed of at an average price of Rs 1,501.52 apiece, taking the aggregate value to Rs 600.61 crore.
After the latest transaction, the holding of promoters and promoter entities of Ipca Laboratories came down to 44.7 per cent from 46.3 per cent.
Details of buyers of Ipca Laboratories' shares could not be ascertained on the BSE.
On Wednesday, shares of Ipca Laboratories fell 2.68 per cent to settle at Rs 1,516.05 per piece on the BSE.
According to the bulk deal data available with the BSE, Usha Madhukar Chandurkar offloaded 40 lakh shares, amounting to a 1.6 per cent stake in Ipca Laboratories.
The shares were disposed of at an average price of Rs 1,501.52 apiece, taking the aggregate value to Rs 600.61 crore.
After the latest transaction, the holding of promoters and promoter entities of Ipca Laboratories came down to 44.7 per cent from 46.3 per cent.
Details of buyers of Ipca Laboratories' shares could not be ascertained on the BSE.
On Wednesday, shares of Ipca Laboratories fell 2.68 per cent to settle at Rs 1,516.05 per piece on the BSE.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 9.16 ( -3.27)
- 17660486
- Quadrant Televenture
- 0.52 (+ 4.00)
- 15400996
- Srestha Finvest
- 0.65 ( -5.80)
- 13769279
- Sunshine Capital
- 0.86 ( -4.44)
- 11525565
- Murae Organisor
- 1.85 (+ 4.52)
- 11056962
MORE NEWS

A B Cotspin Secures 500 Metric Tonne Cotton...
A B Cotspin has secured a Rs 15 crore order to supply 500 metric tonnes of cotton yarn,...

Quality Power IPO Opens Feb 14: Rs 859 Cr,...
Quality Power, an energy transmission equipment firm, will launch its Rs 859 crore IPO...

Juniper Green Energy Secures USD 1 Billion Debt...
Juniper Green Energy, a renewable energy developer, has secured USD 1 billion in debt...