Thyrocare Technologies‘ parent company, Docon Technologies, has sold a 10 per cent stake in the company. In an exchange filing, Tyrocare Technologies stated that the parent company has sold 53,32,860 equity shares for Rs 667.69 crore.
Thyrocare Technologies added that Docon Technologies sold the stake at an average price of Rs 1,252.03 per share. The transaction was carried through market trades on October 24.
Thyrocare disclosed that after the 10 per cent stake sale, Docon Technologies continues to be a promoter of the company. Docon Technologies now holds a 60.93 per cent stake in Thyrocare Technologies, down from its previous 70.98 per cent stake.
Thyrocare share price movement
After the share sale, Thyrocare Technologies gained 1.6 per cent on Friday.
In the last 1 month, Tyrocare Technologies’ share has gained 5.45 per cent. The company’s stock has gained about 50.24 per cent in the past 6 months.