YK Hamied to increase stake in Cipla to over 20 per cent.

Industry:    2016-01-22

In a move aimed at realignment of family shareholding, CiplaBSE -0.03 % patriarch YK Hamied plans to increase his holding to over 20 per cent by acquiring over 5 per cent additional stake in the homegrown drug major. Hamied (80), who is the Non-Executive Chairman of the company, will acquire 5.22 per cent additional stake from his wife Farida Hamied thereby taking his total holding in the drug firm to 20.76 per cent from earlier stake of 15.54 per cent, Cipla said in a regulatory filing. The pro .. Read more at: http://economictimes.indiatimes.com/articleshow/50672376.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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