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The Economic Times
The Economic Times
Business
Veer Sharma

Large trade alert! Gland Pharma shares fall 3% after 1.2 crore shares change hands in 2 block deals; promoter Fosun likely seller

Gland Pharma BSE United States VISAKHAPATNAM

Shares of Gland Pharma declined 3% to the day’s low of Rs 2,827 on the BSE on Friday after 1.22 crore shares changed hands in two separate block deals worth Rs 2,941 crore and Rs 2,877 crore, respectively.

According to various reports, Fosun Pharma Industrial was looking to divest a 5% stake in the company through a block deal. As of June 30, 2026, Fosun Pharma Industrial held 8,53,93,894 shares, representing a 51.77% stake in Gland Pharma, according to BSE data.

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