Good Timing

Aurobindo Pharma promoters sell over 10 million shares in a market transaction valued at ₹900 crore

A day after Aurobindo Pharma hit its 52 week high of Rs.895, promoters K Nithyananda Reddy and P Suneela Rani sold over 10 million shares at an average price of Rs.822 a share in a market transaction valued at Rs.900 crore. Currently the stock trades at Rs.823. Post this transaction K Nithyananda Reddy's stake is down from 4.70% to 4.33% and P Suneela Rani's stake reduced from 35.04% to 33.56%.

While the buyers are yet to be known, the chunk must have crossed over to institutional investors. In FY16, the compa


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