Sanofi Healthcare acquires 15.2% stake in Sanofi India
after close1 source ↓written by the desknot a recommendation
- India purchased
- 15.2% stake
- through an open
- ₹1,068 cr
- at an average
- 35 lakh shares
- each
- ₹3,052
- India decreased
- 45.17%
Sanofi Healthcare India purchased a 15.2% stake in Sanofi India for ₹1,068 cr through an open market transaction. The acquisition involved 35 lakh shares at an average price of ₹3,052 each. Following this, Hoechst GmbH's holding in Sanofi India decreased to 45.17% from 60.37%.
This move strengthens Sanofi Healthcare's position in the Indian pharmaceutical market, potentially impacting stock performance and investor sentiment.
Not investment advice. For informational purposes only.