Portfolio Management Clients Increase Holding of Shares in Unichem Laboratories Ltd
Portfolio Management Clients of Equity Intelligence India Pvt Ltd and EQIndia Fund have increased their holding of shares in Unichem Laboratories Ltd. through an open market purchase, with the acquisition bringing their stake up significantly.The transaction details indicate that the portfolio management group acquired 3,00,000 shares of the company from the open market. This move marks a notable increase in their investment position.
Prior to this open market acquisition, the holding of the acquiring entity stood at 6,94,375 shares, representing 0.99% (based on total share/voting capital). Following the purchase, the current holding increased to 3,94,375 shares, which translates to a 0.56% stake in the company.
The financial details regarding the acquisition and subsequent holding status are summarized below:
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Held by Acquirer | 6,94,375 | 3,94,375 |
| Stake Percentage (Based on Total) | 0.99% / 0.98% | 0.56% |
The total share capital of Unichem Laboratories Ltd. remained at 7,04,05,750 Equity Shares of Rs. 2/each before the acquisition. After the purchase, the company’s equity share capital stood at 7,09,05,750 Equity Shares of Rs. 2/each.
The acquiring entity is identified as Portfolio Management Clients of Equity Intelligence India Pvt Ltd and EQIndia Fund, and their holding status was reported against Unichem Laboratories Ltd., which is listed on the NSE and BSE.
UNICHEMLAB Stock Price Movement
As of 10:44 AM, Unichem Laboratories Limited sheds value by 2.44% in live trading, with the stock currently standing at ₹451.30 after dipping ₹11.30 from its previous close. The equity sees robust activity, as nearly one million shares have been traded so far into the morning session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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