Capital Group exits Neuland Labs; sells 3.77 laptop stake for Rs 756 crore
US-based Capital Group via its arm SmallCap World Fund Inc offloaded shares via a bulk deal on the Nationwide Inventory Trade (NSE).
As per the information, SmallCap World Fund Inc bought 4.84 lakh shares or 3.77 per cent stake in Hyderabad-based Neuland Laboratories.
The shares have been disposed of at a median value of Rs 15,618.16 apiece, taking the transaction worth to Rs 756.60 crore.
Particulars of the consumers of Neuland Laboratories’ shares couldn’t be ascertained on the NSE.
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Shares of Neuland Laboratories on Thursday plunged 5.54 per cent to shut at Rs 16,014.95 apiece on the NSE.
