Archive · 5 Jun 2025
Alkem Labs: Promoter Likely Sells Stake in Block Deal
One of the owners of Alkem Laboratories, Jayanti Sinha, is selling about 1.4% of her shares.
This is happening through a special deal, which is expected to be worth around 825 crore rupees.
The price per share is slightly lower than the previous day's closing price.
The stock price initially went down but has since recovered somewhat.
The exact buyers and sellers haven't been publicly revealed yet, but this is a significant transaction affecting the company's stock.
Alkem Laboratories promoter Jayanti Sinha is likely selling a 1.4% stake via a block deal.
The transaction is estimated to be worth approximately ₹825 crore.
The floor price was set at ₹4,850 per share.
The sale represents a discount of approximately 3% from the previous day's closing price.
Shares of Alkem Labs recovered from opening lows.
- Who
- Jayanti Sinha, a promoter of Alkem Laboratories Ltd.
- What
- Jayanti Sinha is likely selling a 1.4% stake in Alkem Laboratories through a block deal.
- When
- The block deal is expected to be executed soon.
- Where
- Not specified in the provided articles.
- Why
- Not explicitly stated in the articles, but likely for financial reasons.
- Transaction Value
- ₹825 crore (approx.)
- Stake Sold
- 1.4%
- Floor Price
- ₹4,850 per share
- Discount to Previous Close
- 3% (approx.)
- Current Share Price Change
- 0.2% down
- Jayant Sinha's Stake (pre-deal)
- 2.46%
- Total Promoter Stake
- 55.13%