Granules India promoter sells 7% stake for ₹1,500 crore
after close1 source ↓written by the desknot a recommendation
- 1.72 crore shares
- 7% stake
- raising
- ₹1,160 cr
- each
- ₹872.50
- to the previous
- 3% discount
Krishna Prasad Chigurupati, promoter of Granules India, sold a 7% stake (1.72 crore shares) through block deals and open-market transactions, raising over ₹1,160 cr. The shares were sold at ₹872.50 each, a 3% discount to the previous closing price. This move supports the drugmaker's growth plans and attracted significant market interest.
Not investment advice. For informational purposes only.