Beige Ltd., an affiliate of personal fairness agency ChrysCapital, pared its stake in Mankind Pharma Ltd. for Rs 2,470 crore via an open market transaction on Tuesday.
Beige bought 1.16 crore shares—representing 2.9% fairness—at a median value of Rs 2,122.51 apiece, based on bulk deal information on the NSE. The shares had been offloaded in two tranches.
The Mauritius-registered funding firm held a 2.99% stake in Mankind Pharma as of December 2023. In the identical month, the agency had decreased its holding by over 4%.
The patrons couldn’t be ascertained.
Final month, three promoters of the drugmaker bought 1.58% of their stake for Rs 1,365.5 crore, in compliance with the minimal public shareholding guidelines.
Shares of Mankind Pharma closed 1.64% larger at Rs 2,248.80 apiece, as in contrast with a 0.50% fall within the benchmark BSE Sensex.