The billionaire Mehta family—promoters of Torrent Pharmaceuticals—have sold 3 per cent stake in the company, raising ₹3,087 crore for investments in new ventures and charitable initiatives.
This move will reduce promoter stake from 71.25 per cent to 68.25 per cent.
As of Wednesday, the company's total market capitalisation (mcap) stood at ₹1.06 trillion, with shares closing at ₹3,137 each.
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