Private equity investor BC Investments IV on Tuesday sold a stake worth Rs 612 crore in Emcure Pharma through a block deal, with a domestic mutual fund emerging as the buyer. According to NSE block deal data, BC Investments IV sold 36 lakh shares of Emcure Pharmaceuticals at Rs 1,700 per share. The transaction was valued at Rs 612 crore.
The entire stake was acquired by Kotak Mahindra Mutual Fund at the same price. The deal comes less than two years after Emcure Pharmaceuticals' public listing and is among the larger block transactions in the pharmaceutical sector this year.
