Saturday, May 21, 2022
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Business | Laurus Labs Shares Decline Over 4pc

Laurus Labs shares decline over 4pc

By PTI
Published: Published Date - 07:09 PM, Fri - 5 March 21
Representational Image. Intra-day, it hit a low of Rs 348.8.

New Delhi: Shares of Laurus Labs Ltd on Friday declined over four per cent after two promoters offloaded shares of the company. On BSE, the scrip ended at Rs 351.3, down 4.63 per cent over previous close.

Intra-day, it hit a low of Rs 348.8. On NSE, the shares declined 4.64 per cent to close the counter at Rs 351.65 apiece. During the trading session, the scrip hit intraday low of Rs 348.5.

In a regulatory filing on Thursday, Laurus Labs said, “Dr Satyanarayana Chava, founder promoter, CEO & ED, sold 52 lakh equity shares of the company at an average price of Rs 368.59 per share, aggregating to Rs 191.67 crore and Nagarani Chava, one of the promoters of the company sold 18 lakh equity shares of the company at an average price of Rs 366.91 per share at an aggregate value of Rs 66.04 crore, together 1.3% of the paid up capital of the company.”

A significant part of the above amount will be utilized to release the pledge on their equity shares of the company, it added.


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .


  • Follow Us :
  • Tags
  • 52 lakh equity shares
  • Dr Satyanarayana Chava
  • Laurus Labs Limited

Related News

  • Hyderabad: Four dog kennels donated to City Security Wing

  • Laurus Labs wins Golden Peacock Award

Latest News

  • Inter-caste marriage killing: Cops grill four suspects in Hyderabad

    9 mins ago
  • OU administration comes up with 21 detailed project proposals to regain past glory

    19 mins ago
  • War of words breaks out between Congress, TRS activists in Karimnagar

    31 mins ago
  • India supplies another 40,000 metric tonnes of diesel to crisis-hit Sri Lanka

    41 mins ago
  • TSLA to present books to 20 rural libraries on May 22

    50 mins ago
  • Sony Sports Network to telecast live broadcast of Roland-Garros 2022 in four Indian languages

    1 hour ago
  • ‘F3’ all set for grand release with clean ‘U’ from Censor Board

    1 hour ago
  • Dhanush sends legal notice to couple who claimed he is their biological son

    1 hour ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam