India's Cohance falls on discounted block deal

Cohance Lifesciences

18/09/2025 05:23

** Shares of Cohance Lifescieces COHA.NS fall 4.8% to 919.60 rupees

** About 34.2 mln shares traded in a block deal, at a discount of 6.2% to last close, according to LSEG data

** Advent unit Jusmiral Holdings plans to offload up to 8.9% stake in Cohance Lifesciences via block deals worth about 30.7 billion rupees (~$350 mln), CNBC reports, which Reuters could not confirm

** Report adds shares being offered at floor price of 900 rupees apiece, 6.9% discount to last close

** COHA down 19.2% YTD

($1 = 87.9625 Indian rupees)

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com))