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The Economic Times
The Economic Times
Business
Kumar Gaurav

Gland Pharma block deal: Fosun Pharma divests 99 lakh shares worth Rs 2,800 crore

Gland Pharma Fosun Pharma ICICI Prudential Mutual Fund

Promoter Fosun Pharma on Friday sold 98.97 lakh shares, equivalent to around 6% equity, in Gland Pharma for an estimated Rs 2,800 crore through a block deal, according to the exchange data.

Fosun Pharma held 8,53,93,894 shares, or 51.77% stake, in the pharmaceutical company as of the quarter ended June 30, 2026, as per BSE data. Following the stake sale, its holding would come down to around 45.77%.

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