Sanofi Healthcare India Buys 15.19% Stake in Sanofi India

Sanofi Healthcare India bought a large part of Sanofi India.

The purchase covered 15.19% of the company.

It bought 35 lakh shares.

Each share cost about Rs 3,052.

The total deal was worth about Rs 1,068 crore.

Hoechst GmbH sold the same number of shares.

Both companies are part of the Sanofi promoter group.

Because one promoter bought what another sold, the group’s total ownership did not change.

Sanofi India’s share price rose nearly 3% after the transaction.