Alkem Laboratories: Promoter Offloads 1.4% Stake in Block Deal
Jayanti Sinha, a promoter of Alkem Laboratories, executed a block deal to sell a 1.4% equity stake in the company. The transaction was valued at approximately ₹825.00 crore, with a floor price set at ₹4,850.00 per share. Following the news, Alkem's stock showed a marginal decline of 0.20%, trading at ₹4,985.00.
03Jun 25
Alkem Lab Shares in Focus: Ms. Jayanti Sinha Offloads 1.42% Stake in ₹825 Crore Block Deal
Ms. Jayanti Sinha, a major stakeholder in Alkem Laboratories Ltd., has sold a 1.42% stake in the company through a block deal. The transaction was executed at a floor price of ₹4,850.00 per share, totaling approximately ₹825.00 crore. This significant stake sale by a key shareholder may influence the stock's trading pattern in the near term.
03Jun 25
Alkem Laboratories Promoter to Offload ₹825 Crore Stake in Block Deal
Jayanti Sinha, a promoter group member of Alkem Laboratories, plans to sell a 1.42% stake through a block deal. The floor price is set at ₹4,850.00 per share, a 3.00% discount to the current market price. The transaction, valued at approximately ₹825.00 crore, is scheduled for tomorrow and may impact the company's stock price and ownership structure.
Alkem Laboratories' Q4 results show a 4.26% year-on-year increase in net profit to ₹306.00 crore, falling short of analyst estimates. Revenue grew 7.1% to ₹3,144.00 crore, while EBITDA decreased 2.6% to ₹391.50 crore. The company's India business grew by 6.5%, and international sales rose by 7.2%. Despite mixed results, Alkem announced a dividend of ₹8.00 per share.
15May 25
Alkem Laboratories' US Subsidiary Hit by Cyber Fraud, Financial Loss Under Investigation
Alkem Laboratories' US subsidiary, Enzene Biosciences, has experienced a cyber security breach resulting in unauthorized fund transfers. The company has engaged external agencies for investigation, filed complaints with authorities, and disclosed the incident to stock exchanges. The total amount affected is under investigation, and the full impact on operations is yet to be determined.
28Mar 25
Alkem Laboratories Finalizes Share Purchase Agreement to Acquire Adroit Biomed
Alkem Laboratories Limited has executed a share purchase agreement on March 28, 2025, to acquire a 100% stake in Adroit Biomed Limited. This follows a binding term sheet signed on February 7, 2025. The acquisition is part of Alkem's expansion strategy, aiming to strengthen its market position and expand its product portfolio. The company has informed stock exchanges of this development in compliance with SEBI regulations.
17Mar 25
Alkem Laboratories' Bioequivalence Center Clears FDA Inspection Without Observations
Alkem Laboratories Limited's Bioequivalence Center in Taloja, Maharashtra, successfully completed a U.S. FDA inspection without any Form 483 observations. This outcome demonstrates the facility's compliance with FDA regulations and good clinical practices, potentially boosting investor confidence and facilitating future drug approvals. The clean inspection reinforces Alkem's commitment to maintaining high-quality standards in its R&D processes and strengthens its position in the pharmaceutical industry.
13Mar 25
Alkem Laboratories' US FDA Inspection Concludes Successfully Without Form 483
Alkem Laboratories' bioequivalence center in Taloja, Maharashtra, successfully completed a US FDA Bioresearch Monitoring inspection from March 10-13, 2025, with no Form 483 issued. This outcome indicates compliance with FDA standards and good clinical practices, potentially facilitating smoother drug approvals in the US market and boosting investor confidence.
12Mar 25
Alkem Labs Expands Diabetes Portfolio with Generic Empagliflozin Launch in India
Alkem Laboratories has introduced generic versions of Empagliflozin and its combinations under the brand name 'Empanorm' in India. This launch expands Alkem's diabetes treatment portfolio, offering potentially more affordable options for type 2 diabetes patients. The move aims to strengthen Alkem's position in the competitive diabetes medication market and address the growing diabetes concern in India.
24Feb 25
Alkem Laboratories Promoters Offload ₹300 Crore Worth of Shares in Block Deal
Promoters of Alkem Laboratories sold 641,000 shares (0.54% equity) at ₹4,680 per share through the Samprada & Nanhamati Singh Family Trust, totaling ₹300.3 crore. SBI Mutual Fund was identified as the buyer. Following the deal, Alkem's stock closed at ₹4,600.05, down 2.54%.
21Feb 25
SBI Mutual Fund Boosts Stake in Alkem Laboratories Through Block Deal
SBI Mutual Fund has increased its stake in Alkem Laboratories by 0.54% through a block deal. The fund acquired 6.41 lakh shares at Rs 4,680 per share, totaling Rs 300.32 crore. This transaction brings SBI Mutual Fund's total holding in Alkem to 2.7%. The shares were sold by Samprada & Nanhamati Singh Family Trust, related to Alkem's promoters.