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Cipla patriarch Y K Hamied, through acquiring additional 5 percent stake has increased his stake in the homegrown drug major to over 20 percent.
Cipla said in a regulatory filing that Y KHamied (80), who is the Non-Executive Chairman of the company, has acquired 5.22 percent additional stake from his wife Farida Hamied, thereby taking his total holding in the drug firm to 20.76 percent from earlier stake of 15.54 percent.
On January 29, the sale of 4,19,14,937 shares, amounting to 5.22 percent stake has taken place.
According to the filing, the transfer of shares is being done by way of gift.
