VERIFIEDET Markets·4 Sept 2026neutral

Gland Pharma block deal: Fosun Pharma divests 99 lakh shares worth Rs 2,800 crore

AI Summary

·Fosun Pharma divested a 6% stake in Gland Pharma for ₹2,800 crore through a block deal.
·The sale reduced Fosun Pharma's holding in Gland Pharma to 45.77%.
·Kotak, Axis, and ICICI Prudential Mutual Funds were among the major buyers in the deal.