Cipla Promoters Sell Shares Worth Rs 2,750 Crore, Mutual Funds Among Top Buyers

Promoters of Cipla Ltd. on Wednesday offloaded a 2.51% stake worth Rs 2,750 crore through block deals. ICICI Prudential Mutual Fund and Aditya Birla Sun Life Mutual Fund bought a 0.96% stake in the pharma giant.

Rumana Hamied, Samina Hamied and Shirin Hamied—the promoters of the generics maker—sold a 2.49% stake together at Rs 1,345 apiece, according to block deal data on the NSE.

Okasa Pharma Pvt. Ltd. exited the company and sold a 0.02% stake, comprising 1.89 lakh shares, via open market transactions.

Rumana sold 49.43 lakh shares, representing 0.61%; Samina offloaded 1.1%, comprising 89.54 lakh shares; and Shirin sold 63.63 lakh shares, representing 0.78% of the of the stake.

The Hameid family had 33.44% equity as of March, primarily held by billionaire Yusuf Khwaja Hameid (18.68%). While Rumana held a 1.23% stake, Samina held a 2.22% stake, and Shirin held a 0.79% stake in the pharma company.

ICICI Prudential Mutual Fund bought 55.25 lakh shares on Wednesday, representing a 0.68% stake, while Aditya Birla Sun Life Mutual Fund mopped up 22.96 lakh shares (0.28%) at Rs 1,345 apiece.

HDFC Mutual Fund bought an additional 5.58 lakh shares at Rs 1,345 apiece. The fund house held a total of 4.47% stake in the company as of March 2024.

Other buyers include Axis Mutual Fund, BofA Securities Europe SA-ODI, Citi Group Global Markets Mauritius Pvt. Ltd., and HDFC Mutual Fund.