Promoters Ambuja Cements, Ravi Sanghi to offload 3.52% stake in Sanghi Industries

Promoters Ambuja Cements, Ravi Sanghi to offload 3.52% stake in Sanghi Industries

Sanghi Industries announced on Tuesday that its promoters, Ambuja Cements and Ravi Sanghi, will sell stakes in the company through an offer for sale (OFS). The promoters plan to sell 9,092,000 shares, representing 3.52% of the total issued and paid-up equity share capital, the company said in an exchange filing. The floor price for the … Read more

Bulk deals: Lakumi Trust and Nicomac Machinery divest 4.9% stake in Gland Pharma for ₹1,411 crore

Bulk deals: Lakumi Trust and Nicomac Machinery divest 4.9% stake in Gland Pharma for ₹1,411 crore

Lakumi Trust and Nicomac Machinery Pvt Ltd jointly offloaded a 4.9 percent stake in Gland Pharma for ₹1,411 crore via open market transactions on Tuesday. This divestiture entailed the sale of 81.20 lakh shares of Gland Pharma through separate bulk deals on the National Stock Exchange (NSE). As per NSE data, Lakumi Trust divested 61.65 … Read more