India's Unichem Laboratories sees biggest intraday loss in over a month

Unichem Laboratories

26/09/2022 07:10

** Shares of Indian drugmaker Unichem Laboratories Ltd  UNLB.NS  falls as much
as 5.30% to 370 rupees, their biggest intraday pct loss since Aug. 19 
    ** The stock touches lowest level since Sept. 14, on track for a fourth
consecutive session of losses
    ** On Friday, UNLB announced sale of stake in Optimus Drugs Private Ltd to
Sekhmet Pharmaventures Private Ltd  urn:newsml:reuters.com:*:nGLFcgMTx0
    ** Co says completed first tranche of sale of 19.97% stake for 2.71 billion
rupees  ($33.22 million) on Sept. 22, while the price of second tranche will be
set based on the share purchase agreement
    ** Nearly 118,076 shares change hands by 0548 GMT vs 30-day avg of 175,765
    ** As of last close, UNLB stock up 57.03% YTD
($1 = 81.5750 Indian rupees)
 (Reporting by Navamya Ganesh Acharya)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))