Cipla slips 5% as 2.5% equity changes hands on the BSE

According to the disclosure made by the company, Y K Hamied, Chairman, and MK Hamied, Vice Chairman, sold 2,01,69,756 shares, representing 2.5 per cent of the total capital

Shares of Cipla slipped 5 per cent to Rs 910 on the BSE in Tuesday's intra-day trade after more than 2 per cent of the total equity of the pharmaceutical company changed hands via block deal.

At 09:15 am, around 20.7 million equity shares, representing 2.57 per cent of total equity of Cipla, changed hands on the BSE, the exchange data showed. The name of the buyers could not be ascertained immediately.

At 09:21 am, Cipla traded 4 per cent lower at Rs 918.25, as compared to 0.67 per cent rise in the S&P BSE Sensex. The stock