Poly Medicure Shareholder Divests Stake For Rs 443.82 Crore

A public shareholder of Poly Medicure Ltd. sold a 2.37% stake in the company for Rs 443.82 crore through an open market transaction on Friday.

Mumbai-based Lighthouse Advisors India, through its affiliate—Lighthouse India III Equity Investors—offloaded 22.76 lakh shares at Rs 1,950.03 apiece, according to bulk deal data on the NSE.

As of March, the shareholder held 2.94% equity in the company. The details of the buyers could not be determined immediately.

In February, Lighthouse Advisors, through the same fund, sold a 1.3% stake in the medical consumables company for Rs 200 crore. It disposed of 12.90 lakh shares at Rs 1,550.06 per share.

Shares of Poly Medicure closed 2.76% higher at Rs 2,054.65 apiece on the BSE, as compared with a 0.35% fall in the benchmark Sensex.