Panacea Biotech Falls After Adar Poonawalla Offloads Stake For Rs 118 Crore

Share Price of Panacea Biotech declined more than three per cent on Tuesday, May 18, a day after Seum Insititute's Adar Poonawalla offloaded his entire stake in the firm for Rs 118 crore. According to data on stock exchanges, Adar Poonawalla sold 31.57 lakh scrips, he held in the firm at a price of Rs 373.85 per share, taking the total deal value to Rs 118.02 crore. The shares were picked by the Serum Institute of India, through a se...