A significant stake sale has occurred, resulting in a reduction of ownership below 50 percent. The seller, a promoter of a pharmaceutical company, offloaded a substantial number of shares. This transaction involved 75.05 lakh shares, which were sold in multiple tranches.

The shares were acquired by various investors, including domestic mutual funds and insurance companies. One mutual fund purchased a large portion of the shares.

Further details about this transaction, including the average price per share, are available from the source publication, Free Press Journal.