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Samina Vaziralli

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Cipla promoters plan to sell shares worth 2000 crore in block deal

Cipla Ltd's promoters, Samina Hamied and Rumana Hamied, are set to sell shares worth Rs 2,000 crore through a block deal, as reported on November 29. They plan to divest 1.72% of their stake, with a floor price of Rs 1,442 per share, reflecting a 6% discount to the current market price. Kotak Securities is expected to facilitate the transaction.
Moneycontrol
Indian Rupee Cipla Limited IND Samina Vaziralli Rumana Hamied
Finance & Economy, Market Report
13:48 29.11.2024
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