Two Cipla promoters sell 20 Million shares

Two senior promoters of Cipla Ltd have announced that they sold Rs 2 crore shares representing 2.5%of the total issued and paid-up share capital. The news came out by the regulatory filing of the company. Chairman Y K Hamied and Vice-Chairman MK Hamied, who are non-executive directors and promoters, have sold 2,01,69,756 shares on Tuesday. But it would still have 34.23% in the company. Cipla is currently run by the third generation of the founding family. The executive vice-chairperson of the group, Samina Hamied has said that the company will still remain fully committed and invested in the near future of the company. She further said that they are connected to the organization as a family and that they are fully committed to it and will continue to carry forward the Cipla legacy and drive the company into the future to achieve new goals and scale new heights.