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Stocks in news: Stocks in news: Gland Pharma, Axis Bank, Tata Motors, UCO Bank, Jana SFB

Two entities – Nicomac Machinery and RP Advisory Services – are likely to sell upto 4.4% stake in Gland Pharma through block deals on Tuesday, according to news reports.

Haryana , India , Dilip-buildcon , Dwigeshb-joshi , Rajesh-rao , Jana-small-finance-bank , Haryana-rail-infrastructure-development-corp , Tata-motors , Rp-advisory-services , Axis-bank , Gland-pharma , Bain-capital

Stocks To Watch: Tata Motors, Yes Bank, Axis Bank, Gland Pharma, NCL Industries, IRB Infrastructure, H.G. Infra Engineering, Sula Vineyards - Market News

Stocks To Watch: Tata Motors, Yes Bank, Axis Bank, Gland Pharma, NCL Industries, IRB Infrastructure, H.G. Infra Engineering, Sula Vineyards - Market News
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United-kingdom , Tamil-nadu , India , Madhya-pradesh , Tirupati , Andhra-pradesh , Bhopal , Hyderabad , Vinod-nair , Sula-vineyards , Geojit-financial-services , Rp-advisory-services

Gland Pharma Slumps 7% After Over 5% Equity Changes Hands Via Block Deal

Nicomac Machinery held a 1.2 per cent stake in Gland Pharma, while RP Advisory Services owned a 3.74 per cent stake in Gland Pharma ...

Rp-advisory-services , Nicomac-machinery , Gland-pharma ,

gland pharma shares: Two entities sell 4.9 pc stake in Gland Pharma for Rs 1,411 cr

​ Two entities -- Lakumi Trust and Nicomac Machinery -- on Tuesday divested a 4.9 per cent stake in Gland Pharma for Rs 1,411 crore through open market transactions. Lakumi Trust and Nicomac Machinery Pvt Ltd disposed of 81.20 lakh shares of Gland Pharma in separate bulk deals on the National Stock Exchange (NSE).

China , Fosun-pharma , National-stock-exchange , Nicomac-machinery-pvt-ltd , Gland-pharma , Lakumi-trust , Nicomac-machinery , Gland-pharma-shares , Trust , Shares , Bulk-deal , Open

Bulk deals: Lakumi Trust and Nicomac Machinery divest 4.9% stake in Gland Pharma for ₹1,411 crore

According to data from the NSE, Lakumi Trust divested 61.65 lakh shares of Gland Pharma, while Nicomac Machinery sold over 19.55 lakh shares, representing a 3.74 per cent stake and a 1.18 per cent stake in Gland Pharma, respectively.

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Two entities likely to sell 4.4% stake in Gland Pharma via block deals: Report

Nicomac Machinery and RP Advisory Services ​are looking at raising Rs 1,400 crore through the sale, and have set the floor price for the same at Rs 1,725/share. The floor price is at a discount of over 7% to the current market price of the stock. On Monday, shares of Gland Pharma ended nearly 6% higher on the NSE at Rs 1,856.

China , Mumbai , Maharashtra , India , Fosun-pharma , Ravi-penmetsa , Rp-advisory-services , National-stock-exchange , Citibank , Nicomac-machinery , Gland-pharma , Gland-pharma-news