Hyderabad Granules promoter sells 7% stake to raise 1.5k crore

Krishna Prasad Chigurupati sold a significant stake in Granules India on Friday. This stake sale raised over 1,160 crore through numerous block deals. The funds will support the drugmaker's ongoing growth plans and a preferential issue. Several institutional investors participated in this large transaction. The promoter's holding in the company has now decreased substantially.