VERIFIEDET Stocks·4 Sept 2026neutral

Block deal alert! Gland Pharma shares in focus as promoter Fosun to sell 5% stake for Rs 2,279 crore

AI Summary

·Fosun Pharma Industrial is selling a 5% stake in Gland Pharma via a block deal at a floor price of Rs 2,763 per share.
·The block deal aims to raise Rs 2,279 crore.
·Gland Pharma recently reported strong Q1FY27 results and received zero Form 483 observations from the USFDA.