Bain Capital divests 2.4 percent stake in Emcure Pharma for Rs 563 crore
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New Delhi: US-based Private investment firm Bain Capital has pared down its stake in Emcure Pharmaceuticals, offloading a 2.4 percent holding in the company for Rs 563 crore through an open market transaction.
Following the sale, Bain Capital’s shareholding in Emcure dropped from 8.68 percent to 6.31 percent, PTI reported.
According to bulk deal data from the National Stock Exchange (NSE), Bain Capital, acting through its BC Investments IV, sold 45 lakh shares of Emcure Pharmaceuticals at an average price of Rs 1,250.44 apiece. The total transaction value stood at Rs 562.7 crore.
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