Announced Wed, 15 Jul · 13:24 IST
Mylan Inc exits 5.64 percent stake in Biocon via open market sale
BIOCON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.1%1-day move
₹437.00
prior close
₹436.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.1+0.1-0.0+1.1-0.1-0.2+0.8+0.3-0.8————
Up moveDown movePending
AI summary
Mylan Inc sold 9,19,67,019 equity shares (5.64 percent) of Biocon Limited on 14 July 2026 through open market sale, disclosed under SEBI Takeover Regulations Reg 29(2). Mylan is not part of the promoter group. This represents a major exit by a foreign strategic shareholder.
Likely market impact
Full exit by a large foreign holder may pressure the stock. Investors should watch price action and demand absorbing this supply.