Cipla promoters sell 2.5% stake, promoter group now holds 34.23% stake: Cipla stock down 3.5%

Cipla promoters sell 2.5% stake, promoter group now holds 34.23% stake: Cipla stock down 3.5%
Trading (Image: Canva)

Today the share price of India’s leading pharma company Cipla Limited fell almost 3.5%. Cipla promoters Yusuf Hamied and Mustafa Hamied sold their 2.5% stake through a block deal.

Cipla told the exchanges that the promoters of the company, which is still in its eighties, are selling their stake due to personal and philanthropy reasons.

Now the promoter group holds a 34.23% stake in Cipla and the company said that the promoter has no plans to sell a further stake in the near future.

Cipla has given almost 9.5% returns in the last one year and the share price of the company has increased by around 56% in the last 5 years.

52 Week High1,005.00
52 Week Low738.10
Sector PE35.80
Face Value2
Dividend Yield0.54
Mkt Cap (Rs. Cr.)74,375
Book Value Per Share229.84

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Net Profit 2021 (Rs. Cr.)2,401
Debt to equity (2021)0.08
Revenue 2021 (Rs. Cr.)19,159
Dividend/Share (INR) (Mar 2021)5.00
Promoters holding34.23%

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This article is only for education purpose and the author has his own views and research, so if you invest in these stocks then do it at your own risk and do the research yourself before investing.

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