Sanofi Healthcare India Acquires 15.19% Stake in Sanofi India
What happened
Sanofi Healthcare India, a major subsidiary of global pharmaceutical leader Sanofi SA, purchased 35 lakh shares in Sanofi India through a block deal on the National Stock Exchange. This acquisition gave Sanofi Healthcare India a 15.19 percent stake in the Mumbai-based company. Hoechst GmbH, one of Sanofi India's promoters, sold an equal number of shares at an average price of Rs 3,052 apiece. The shares settled higher at Rs 3,138 apiece on the NSE.
From indiatimes.com
Why it matters
The transaction involved Sanofi Healthcare India increasing its ownership stake in Sanofi India. The purchase was valued at Rs 1,068.20 crore. This corporate action signals a significant shift in the ownership structure of the company.
From indiatimes.com
Who's involved
- MumbaiLocation of Sanofi India headquarters
- Mani BhavanGlobal pharmaceutical leader whose subsidiary made the purchase
- Ritu TawdePromoter whose shares were sold during the transaction
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The entities involved
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Mumbai
capital city in Maharashtra, India
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