Malabar India Fund sells 2.72 lakh shares, stake drops to 5.06%
NEULANDLAB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.2 pts more than Nifty Smallcap 250 and 1.8 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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FII Malabar India Fund Limited sold 2,72,634 equity shares of Neuland Laboratories in the open market between 10 August 2024 and 14 August 2026. Its holding fell from 7.18% (9,21,371 shares) to 5.06% (6,48,737 shares), a 2.12% reduction. Malabar is not part of the promoter group.
Continued FII selling pressure; reduces significant foreign institutional stake but no promoter change.