Nicomac Machinery Private Ltd, an entity connected to the former promoter of the company Dr Ravi Penmetsa, sold its entire 19.55 lakh shares, a 1.19 percent stake at an average price of Rs 1735.31.
According to data from the NSE, Lakumi Trust divested 61.65 lakh shares of Gland Pharma, while Nicomac Machinery sold over 19.55 lakh shares, representing a 3.74 per cent stake and a 1.18 per cent stake in Gland Pharma, respectively.