Ganga Exports sells 27 lakh shares of Ajanta Pharma Ltd

M/s. Ganga Exports, a promoter group entity has sold 27,00,000 equity shares of Ajanta Pharma Ltd representing 3.07% of paid up capital.

Mr. Yogesh M. Agrawal, Managing Director of Ajanta Pharma Limited ("APL" or "Company") has informed the Company that promoters have sold 27,00,000 equity shares in APL, representing about 3.07% of APL's equity shares. Consequent to sale, promoter holding has come down from 73.78% to 70.71% stake in APL.

This sale has been done to provide liquidity to the promoters and the proceeds will be utilized for personal use.

Mr. Yogesh M. Agrawal, Managing Director, Ajanta Pharma Limited, and also a part of the promoter group, said "APL is a standout success and we are immensely proud of our company's journey so far. We believe that we have the right business strategy and management team to deliver our growth aspirations. I am excited to continue to steer APL's next phase of growth."

Shares of AJANTA PHARMA LTD. was last trading in BSE at Rs.1497.85 as compared to the previous close of Rs. 1538.25. The total number of shares traded during the day was 2746731 in over 8141 trades.

The stock hit an intraday high of Rs. 1575 and intraday low of 1491.9. The net turnover during the day was Rs. 4124105560.

Source : Equity Bulls

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