Cipla completes allocation of shares to FIL Capital Investments

Cipla Ltd has now informed BSE that the board of directors of Cipla Health Limited, a subsidiary of the Company has allotted shares to FIL Capital Investments (Mauritius) II Limited and consequently, the transaction has now been completed.

Stock view:

Cipla Ltd ended at Rs. 503, up by Rs. 0.4 or 0.08% from its previous closing of Rs. 502.6 on the BSE.

The scrip opened at Rs. 503 and touched a high and low of Rs. 509 and Rs. 501 respectively. A total of 3758202(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 40410.23 crore.

The BSE group 'A' stock of face value Rs. 2 touched a 52 week high of Rs. 748 on 17-Aug-2015 and a 52 week low of Rs. 495.2 on 29-Mar-2016. Last one week high and low of the scrip stood at Rs. 513.05 and Rs. 497.5 respectively.

The promoters holding in the company stood at 36.79 % while Institutions and Non-Institutions held 34.79 % and 26.33 % respectively.

The stock traded below its 200 DMA.