Thyrocare Bulk Deal: Promoter Offloads Stake Worth Rs 667 Crore
Docon Technologies, one of the promoters of Thyrocare Technologies, on Friday divested a 10% stake in the diagnostics chain for Rs 667 crore through an open market transaction.
The transaction was valued at around Rs 667.69 crore and was executed at an average price of Rs 1,252.03 apiece.
After the stake sale, Docon Technologies’ holding in Thyrocare Technologies has come down to 61% from 71.06%.
Meanwhile, ICICI Prudential Mutual Fund (MF), Aditya Birla Sun Life MF, HDFC MF, HSBC MF, Eastspring Investments collectively purchased 42.11 lakh shares, or 7.95% stake, at an average price of Rs 1,252 per share.
https://www.ndtvprofit.com/markets/thyrocare-bulk-deal-promoter-offloads-stake-worth-rs-667-crore
