Announced Tue, 28 Jul · 12:31 IST
Mylan Inc sells 5.64% stake in Biocon via open market
BIOCON · price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Mylan Inc, a US-based shareholder of Biocon Limited, sold 9,19,67,019 equity shares equal to 5.64% of Biocon equity share capital through open market on 14 July 2026. Mylan is not part of the promoter group. The disclosure was filed under SEBI Takeover Regulations 2011.
Likely market impact
Major foreign shareholder exiting a large 5.64% block via open market. May weigh on the stock in the short term.