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Alkem Laboratories shares decline over 1% after ₹930 crore promoter stake sale
Alkem Laboratories shares drop over 1% after ₹930 crore promoter stake sale, with trading volatility observed throughout the session.
TL;DRAI
Alkem promoters sold 1.5% stake (₹930 crore) to institutional investors, reducing control to 49.71% and triggering founder Jayanti Sinha's exit. The stake sale signals ownership transition in a large-cap pharma play, with MNCs and domestic funds gaining foothold.
230 words~1 min read
