Deutsche Securities Sells Rs. 122-Crore Stake in Jubilant Life


New Delhi: Deutsche Securities Mauritius on Tuesday offloaded a 1.95 per cent stake in drug firm Jubilant Life Sciences for a little over Rs. 122 crore through an open market transaction.

The shares were purchased by Citigroup Global Markets Mauritius Pvt Ltd.

According to block data available with the stock exchange, Deutsche Securities sold a total of 3,103,408 shares in Jubilant Life Sciences.

The scrip was sold at an average price of Rs. 394.5, valuing the transaction at Rs. 122.43 crore.

Shares of Jubilant Life Sciences closed at Rs. 401.65 apiece on BSE, up 2.99 per cent from the previous close.