Jubilant Life Sciences Ltd's promoter group sells 3.35% stake, stock tanks

Jubilant Advisors LLP, MAV Management Advisors LLP & Jubilant Consumer Pvt. Ltd. along with Persons Acting in Concert (PAC), promoters of Jubilant Life Sciences Ltd have sold 53,34,000 equity shares or 3.35% stake in the company through open market transaction in NSE today (Friday - Feb 23, 2018).

Prior to the deal, the promoters had a stake of 54.02% or 86051056 equity shares in the company. The stake sale happened through open market transaction at NSE in a price band of Rs. 910 to Rs. 930.

Prior to the deal, Jubilant Advisors LLP had 2238000 equity shares or 1.41% stake in the company. The entity sold entire 2238000 equity shares or 1.41% through bulk deal transaction in NSE. The entity has 0 shares after the deal.

Prior to the deal, MAV Management Advisors LLP had 5681400 equity shares or 3.57% stake in the company. The entity sold 360000 equity shares and holds 5321400 equity shares or 3.34% stake in the company post the deal.

Jubilant Consumer Pvt. Ltd. had 5567000 equity shares or 3.50% stake in the company prior to the deal. The company sold 2736000 equity shares through open market transaction. Post the deal, the company holds 2831000 equity shares or 1.78% stake in the company.

After the deal, the promoters hold 80717056 shares of 50.68% stake in the company.

Among the buyers, COPTHALL MAURITIUS INVESTMENT LIMITED bought 27,50,000 equity shares at an average price of Rs. 914. The buyers of other lots are unknown.

Shares of JUBILANT LIFE SCIENCES LIMITED tanked during the day's trading and was last trading in BSE at Rs.891.3 as compared to the previous close of Rs. 992.15. The total number of shares traded during the day was 1418147 in over 26532 trades.

The stock hit an intraday high of Rs. 974 and intraday low of 880. The net turnover during the day was Rs. 1297299220.

Source : Equity Bulls

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