Syngene International dips over 5% after huge block deal
Syngene International has dipped 5.5% to Rs 572 on the BSE after a more than 1% stake of the pharmaceutical company changed hands via block deal.At 09:15 am; around 3.07 million shares representing 1.53% of total equity of Syngene International have changed hands on the counter, the BSE data shows.
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The name of the buyers and sellers were not ascertained immediately.
As of September 30, 2016, Silver Leaf Oak (Mauritius) held 9.63% stake, while Canara HSBC Oriental Bank of Commerce Life Insurance Company held 1% stake in Syngene International, the shareholding pattern data shows.On Thursday, December 1, 2016, the stock hit a record high of Rs 616 on the BSE in intra-day trade. In past four months, it had outperformed the market by surging 45% as compared to 5% decline in the S&P BSE Sensex till yesterday.
The name of the buyers and sellers were not ascertained immediately.
As of September 30, 2016, Silver Leaf Oak (Mauritius) held 9.63% stake, while Canara HSBC Oriental Bank of Commerce Life Insurance Company held 1% stake in Syngene International, the shareholding pattern data shows.On Thursday, December 1, 2016, the stock hit a record high of Rs 616 on the BSE in intra-day trade. In past four months, it had outperformed the market by surging 45% as compared to 5% decline in the S&P BSE Sensex till yesterday.
At 09:59 am; the stock was down 4.7% at Rs 577, as compared to 0.56% decline in the benchmark index. A combined 3.61 million shares changed hands on the counter on the BSE and NSE.
posted by Naresh Jain @ 22:54
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