{"id":2952,"date":"2024-07-10T12:11:08","date_gmt":"2024-07-10T12:11:08","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=2952"},"modified":"2024-07-11T11:04:51","modified_gmt":"2024-07-11T11:04:51","slug":"glenmark-to-sell-7-84-of-life-sciences-unit","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/glenmark-to-sell-7-84-of-life-sciences-unit\/","title":{"rendered":"Glenmark to Sell 7.84% of Life Sciences Unit"},"content":{"rendered":"\n<p>On July 10, Glenmark Pharma announced that its board approved selling 7.84% of its shares in Glenmark Life Sciences.<\/p>\n\n\n\n<p>The board agreed to sell up to 96,09,571 shares through the stock exchange. Glenmark Pharma shared this news in a filing.<\/p>\n\n\n\n<p>On the same day, Glenmark Life Sciences\u2019 shares closed 1.2% lower at Rs 878 each on NSE, while Glenmark Pharma\u2019s shares closed 1.7% higher at Rs 1,382 each.<\/p>\n\n\n\n<p>Glenmark Life Sciences makes important pharmaceutical ingredients and has a range of 146 molecules for treating diseases like heart problems, nervous system issues, pain, and diabetes. In March, Nirma, an Indian company, bought a 75% stake in Glenmark Life Sciences by acquiring 91.9 million shares, making Nirma the main owner of the company.<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/glenmark-pharma-to-sell-7-84-stake-in-glenmark-life-sciences-via-ofs-12766184.html\" target=\"_blank\" rel=\"noopener\">Moneycontrol<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On July 10, Glenmark Pharma announced that its board approved selling 7.84% of its shares in Glenmark Life Sciences. The board agreed to sell up to 96,09,571 shares through the stock exchange. Glenmark Pharma shared this news in a filing. On the same day, Glenmark Life Sciences\u2019 shares closed 1.2% lower at Rs 878 each [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[77],"class_list":["post-2952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-glenmark-to-sell"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/2952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=2952"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/2952\/revisions"}],"predecessor-version":[{"id":2954,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/2952\/revisions\/2954"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/2953"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=2952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=2952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=2952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}