Key Points
Beige offloaded 3.59% of its holding, or 14.4 million shares, for 2,640.55 crore on the BSE at 1,832.43 per share..
According to data from NSE Hema Cipef (I) Ltd sold a 1.4% stake, or 5.6 million shares, for 1,031.16 crore, Cairnhill Cipef divested 1.7%, or 6.96 million shares, for 1275.68 crore, and Beige offloaded a 0.87% stake, or 3.5 million shares for 641.3 crore..
Meanwhile, Kotak Funds-India Midcap Fund capitalized on the dip, acquiring a 0.5% stake in the company by purchasing 2.03 million shares for 371.8 crore..
It specializes in the development, manufacturing, and marketing of a diverse range of pharmaceutical formulations across various acute and chronic therapeutic areas, and manufactures some of the most widely-used consumer healthcare products, including Manforce Condoms, Prega News pregnancy test kits, and the Unwanted-72 emergency contraceptive..
In Indias consumer healthcare sector, Manforce has a 30% market share, leading the male condom category . Prega leads pregnancy test kit markets, commanding 80% share, and Unwanted-72 leads the emergency contraceptive category, with a 62% market share...
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