Alkem Laboratories Sees Significant Stake Sale to Domestic and International Investors
Promoters Dispose of 1.5% Stake in Alkem Laboratories
On June 2, promoters of Alkem Laboratories offloaded 1.5 percent shares worth Rs 930 crore to domestic and global investors through open market transactions. As a result, the company's shares may have reacted to the deal, falling 1.42 percent to Rs 5,239 on the National Stock Exchange, extending the downtrend for another session.
The transaction involved Jayanti Sinha, a member of the promoter group, exiting Alkem Laboratories by selling her entire 1.04 percent shareholding (12.38 lakh shares) for Rs 643.87 crore, while Samprada & Nanhamati Singh Family Trust sold 5.5 lakh shares for Rs 286 crore. The transaction price was Rs 5,200 per share. Interestingly, Sarandhar Singh, on behalf of Samprada & Nanhamati Singh Family Trust, holds a significant 18.75 percent stake in Alkem Laboratories.
On the other hand, the 1.5 percent stake sold by promoters was acquired by nine domestic and global investors, including ICICI Prudential Mutual Fund and HDFC Mutual Fund, which were the largest buyers among them. ICICI Prudential Mutual Fund picked up 9.03 lakh shares for Rs 469.83 crore, while HDFC Mutual Fund acquired 5.09 lakh shares for Rs 265 crore. Other notable buyers included DSP Mutual Fund, which purchased 86,538 equity shares of Alkem for Rs 45 crore, and BNP Paribas Arbitrage, Societe Generale, Nippon India Mutual Fund, Morgan Stanley Asia Singapore, Goldman Sachs Bank Europe, and Edelweiss Mutual Fund, each of which acquired 48,090 shares for Rs 25 crore.
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| Investor | Shares Acquired | Amount (Rs crore) |
|---|---|---|
| ICICI Prudential Mutual Fund | 9.03 lakh | 469.83 |
| HDFC Mutual Fund | 5.09 lakh | 265 |
| DSP Mutual Fund | 86,538 | 45 |
| BNP Paribas Arbitrage | 48,090 | 25 |
| Societe Generale | 48,090 | 25 |
| Nippon India Mutual Fund | 48,090 | 25 |
| Morgan Stanley Asia Singapore | 48,090 | 25 |
| Goldman Sachs Bank Europe | 48,090 | 25 |
| Edelweiss Mutual Fund | 48,090 | 25 |
Meanwhile, Axis Mutual Fund sold 2.66 lakh shares in Neogen Chemicals for Rs 47.56 crore at Rs 1,788.01 per share. However, the stock rallied 3.71 percent to Rs 1,876.9 on the National Stock Exchange. Notably, Axis Mutual Fund Trustee, through Axis Small Cap Fund, already held a 5.59 percent stake in Neogen as of April 18, 2026.
Investor Takeaway
Alkem Laboratories' share price may be affected by the significant stake sale to domestic and international investors.
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