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Shilpa Medicare gains after block deal

Around 2.57 million shares or 3.3% of total equity of Shilpa Medicare changed hands on BSE at 09:34 AM.

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SI Reporter Mumbai
Shares of Shilpa Medicare have moved higher by 5% to Rs 438 on the BSE after a block deal executed on the counter.

At 09:34 AM, around 2.57 million equity shares representing 3.3% of total equity of Shilpa Medicare at Rs 425.60, the BSE data shows.

The name of the buyers and sellers not immediately ascertain.

As of December 31, 2015, Standard Chartered Bank (Mauritius) Limited held 2.57 million shares in the pharmaceutical company, the shareholding pattern data shows.

At 10:07 A.M, the stock up 4% at Rs 432 on the BSE. A combined 2.6 million shares changed hands on the counter on the BSE and NSE.
 
 

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First Published: Feb 16 2016 | 10:10 AM IST

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