Mylan exits Biocon with Rs 3,679 crore block deal; ICICI Prudential MF emerges largest buyer
Mumbai, July 15 -- Mylan sold around 9.19 crore shares, representing its entire 5.64% stake, at Rs 400 per share across the BSE and NSE.
The block deal witnessed strong participation from domestic and foreign institutional investors. ICICI Prudential Mutual Fund emerged as the largest buyer, acquiring 3.69 crore shares (2.26% stake). HDFC Mutual Fund and Kotak Mahindra Mutual Fund each purchased 1.16 crore shares (0.71% stake), while SBI Mutual Fund acquired 50 lakh shares (0.31% stake). ICICI Prudential Life Insurance bought 25 lakh shares (0.15% stake). Aditya Birla Sun Life Mutual Fund, Franklin Templeton Mutual Fund and Mirae Asset Mutual Fund acquired 18.75 lakh shares (0.12% stake) each, while Tata Mutual Fund purchased 6.26 lakh s...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.