Promoters Samina and Rumana Hamied exit Cipla; sell 1.72 pc stake for Rs 2,111 crore

Samina Hamied and Rumana Hamied, promoters of drug major Cipla, on Monday exited the pharmaceutical company by selling their 1.72 per cent stake for Rs 2,111 crore through open market transactions. Singapore government, Societe Generale, Abu Dhabi Investment Authority, BNP Paribas, BofA Securities, Citigroup, Morgan Stanley, Goldman Sachs, Norges Bank, UBS, and Copthall Mauritius bought stakes in Cipla.