Latest News | Individual Sells 1.5 Pc Stake in Eris Lifesciences for Rs 200 Crore

New Delhi, Jul 15 (PTI) Eris Lifesciences shareholder Rakesh Shah on Monday divested a 1.5 per cent stake in the company for Rs 200 crore through an open market transaction.

According to the bulk deal data available on the National Stock Exchange (NSE), Shah sold 20 lakh shares or 1.5 per cent stake in Eris Lifesciences.

Also Read | Shillong Teer Results Today, July 15 2024: Check Winning Numbers, Result Chart for Shillong, Khanapara and Juwai Teer Games.

The shares were offloaded at an average price of Rs 1,000.12 per piece, taking the deal value to Rs 200.02 crore.

After the transaction, Shah's stake in Ahmedabad-based Eris Lifesciences came down to 3.38 per cent from 4.88 per cent.

Also Read | When Is Maharashtra Assembly Elections 2024? From Previous Election Schedule To Likely Poll Dates, Here's All You Need To Know.

Meanwhile, Franklin Templeton Mutual Fund picked up 10.94 lakh shares of Eris Lifesciences at at an average price of Rs 1,000.04 apiece.

This took the transaction value to Rs 109.42 crore. However, other buyers of Eris Lifesciences' shares could not be ascertained.

The scrip of Eris Lifesciences fell 2.80 per cent to settle at Rs 1,014 apiece on the NSE.

In July 2023, Shah pared a 2 per cent stake in Eris Lifesciences for Rs 188.19 crore.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)