Bulk deals: Promoter entity offloads stake in Gland Pharma

Nicomac Machinery Private Ltd, an entity connected to the former promoter of the company Dr Ravi Penmetsa, sold its entire 19.55 lakh shares, a 1.19 percent stake at an average price of Rs 1735.31.

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In Gland Pharma, Nicomac Machinery Private Ltd, an entity connected to the former promoter of the company Dr Ravi Penmetsa, sold its entire 19.55 lakh shares, a 1.19 percent stake at an average price of Rs 1735.31. Lakumi Trust sold 61.65 lakh shares, which is 3.74 percent of the equity shareholding in the company at Rs 1739.1 per share.

Shares of Gland Pharma fell 2.83 percent to Rs 1,807 on NSE.

In Five Star Business Finance, TPG Asia VII SF PTE sold 56.54 lakh shares, a 1.93 percent stake at an average price of Rs 752.02. TPG Asia held 11.22 percent stake in the company til December 2023.

Five Star Business Finance stock declined 1.64 percent to Rs 748 on NSE.
In Nirlon, promoter entity Sadafuli Finvest sold 9,07,302 shares, a 1.01 percent stake, at an average price of Rs 430. ICICI Prudential Mutual Fund bought 9,07,000 shares at Rs 430 per share.

Shares of Nirlon closed flat at Rs 429.95 on the BSE.

In Edelweiss Financial Services, 53.24 lakh shares, which is equivalent to 0.56 percent stake in the company, changed hands in the session.  Pabrai Investment Fund 3, were the sellers while the CLSA Global Markets PTE were the buyers and the sale happened at Rs 74.5 per share.

Pabrai Investment Fund 3 held 2.28 percent stake in the company til December 2023.

Edelweiss Financial Services stock rose 2.65 percent to Rs 73.5 on the NSE.