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Sai Life Sciences up 5% amid heavy volume; 20.9 mn shares change hands

Sai Life Sciences up 5% amid heavy volume; 20.9 mn shares change hands

Sai Life Sciences shares spiked 5.1 per cent in trade on Friday, June 20, 2025, logging an intraday high at ₹766.55 per share on BSE. The northward movement in the stock came amid large trade. On BSE, at 10:51 AM, 20.95 million shares changed hands.
However, around the same time, Sai Life share price pared some gains and was trading 1.11 per cent higher at ₹737.3 per share on the BSE. In comparison, the BSE Sensex was up 0.83 per cent at 82,040.39. The company's market capitalisation stood at ₹15,371.64 crore. Its 52-week high was at ₹808.2 per share and 52-week low was at ₹635.3 per share.
Sai Life Sciences block deal details
According to Bloomberg data, 20.8 million shares changed hands in Sai Life Sciences in a large block deal that implied 10 per cent equity. The buyers and sellers of the deal were not known.
Besides, reportedly, TPG Asia was likely to sell a 6 per cent stake through block deals at a floor price of ₹710 per share at a discount of 2.6 per cent from the previous close.
As of the quarter ended March 31, 2025, TPG Asia held a 24.73 per cent stake in the company. Apart from that, among foreign companies, HBM Private Equity India held a 1.99 per cent stake, according to the BSE shareholding pattern. ALSO READ |
Sai Life Sciences financial performance in Q4
Sai Life Sciences reported a 57.26 per cent increase in net profit for the quarter that ended March 2025, rising to ₹88.27 crore from ₹56.13 crore in the same period last year. Revenue for the quarter also saw strong growth, rising 31.94 per cent to ₹579.51 crore from ₹439.21 crore.
For the full financial year ending March 2025, net profit surged 105.45 per cent to ₹170.13 crore, up from ₹82.81 crore in FY24. Annual revenue rose 15.66 per cent year-on-year to ₹1,694.57 crore, compared to ₹1,465.18 crore the previous year. ALSO READ |
About Sai Life Sciences
Sai Life Sciences is a leading global Contract Research, Development, and Manufacturing Organization (CRDMO) that partners with innovative pharmaceutical and biotech companies to accelerate the discovery, development, and commercialization of new medicines.
Headquartered in Hyderabad, India, with a strong global presence, the company offers integrated solutions spanning medicinal chemistry, process development, clinical and commercial manufacturing, and advanced technology platforms.
Sai Life Sciences is committed to delivering high-quality, cost-effective, and scalable solutions while upholding the highest standards of safety, compliance, and integrity. With a focus on innovation and operational excellence, the company continues to strengthen its capabilities to support emerging therapeutic modalities and meet the evolving needs of the life sciences industry.

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Rupee recovers from two-month low level; settles 18 paise higher at 86.55 against US dollar
Rupee recovers from two-month low level; settles 18 paise higher at 86.55 against US dollar

The Print

time3 hours ago

  • The Print

Rupee recovers from two-month low level; settles 18 paise higher at 86.55 against US dollar

At the interbank foreign exchange, the domestic currency opened at 86.65 and traded in a narrow range of 86.55-86.67, before ending the session at its intra-day peak of 86.55 against the US dollar, registering a gain of 18 paise from previous closing level. A robust sentiment in domestic equity markets further supported the local unit, according to forex traders. Mumbai, Jun 20 (PTI) The rupee snapped its three-day losing streak and settled with a gain of 18 paise at 86.55 against the US dollar on Friday, buoyed by a massive inflow of foreign capital, retreating crude oil prices and a weakening greenback. The rupee had lost 30 paise to close at an over two-month low of 86.73 against the dollar on Thursday, logging a combined loss of 69 paise in the past three sessions. According to Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock Brokers, the rupee gained on Friday but declined a little over 1 per cent this month so far, 'with a large portion of its decline occurring after Israel attacked targets in Iran last Friday'. Dilip Parmar, Research Analyst, HDFC Securities, attributed the rupee's resurgence to 'a revitalisation in the domestic stock markets and a subdued greenback, which receded following reports of President Donald Trump postponing a decision regarding an Iran strike'. Additionally, Parmar said, lower imported commodity prices lent additional buoyancy to the local rupee. 'In the near-term, the spot USD/INR pair faces resistance at 87.10 and finds support at 86.45. The overall bias for the USD/INR pair remains favourable,' he added. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.30 per cent lower at 98.60. In the domestic equity market, the 30-share BSE Sensex surged 1,046.30 points to settle at 82,408.17, while Nifty soared 319.15 points to 25,112.40. Brent crude, the global oil benchmark, declined 2.36 per cent to USD 76.99 per barrel in futures trade. Foreign institutional investors (FIIs) purchased equities worth Rs 7,940.70 crore on a net basis on Friday, according to exchange data. The latest weekly data released by the Reserve Bank of India on Friday showed India's forex reserves rose USD 2.294 billion to USD 698.95 billion during the week ended June 13. However, government data showed the country's eight core sectors' growth slowed down to 0.7 per cent, lowest in nine months, in May 2025 against 6.9 per cent in the same month last year. In April, the growth in output of these key infrastructure sectors were recorded at 1 per cent. PTI TRB HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

Sampre Nutritions Ltd Plans Strategic Fundraising Initiative to Drive Growth and Expansion
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time6 hours ago

  • Business Standard

Sampre Nutritions Ltd Plans Strategic Fundraising Initiative to Drive Growth and Expansion

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Kalpataru sells properties worth ₹2,727 crore in Apr-Dec FY25
Kalpataru sells properties worth ₹2,727 crore in Apr-Dec FY25

Time of India

time8 hours ago

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Kalpataru sells properties worth ₹2,727 crore in Apr-Dec FY25

NEW DELHI: Real estate developer Kalpataru Ltd, which will launch Rs 1,590-crore IPO next week, sold properties worth Rs 2,727.24 crore during April-December of the last fiscal on strong demand for housing and commercial assets. The company sold properties worth Rs 3,201.98 crore in 2023-24, according to its updated red herring prospectus (RHP) filed with Sebi. The latest document has updates till the third quarter of the 2024-25 fiscal only. Mumbai-based Kalpataru focuses on the development of residential, commercial, retail and integrated township projects. It is also into the redevelopment of societies. The company has fixed a price band of Rs 387 to Rs 414 per share for its Rs 1,590 crore initial public offering (IPO), which will open for public subscription on June 24 and conclude on June 26. The bidding for anchor investors will open on June 23. The company's IPO is entirely a fresh issue of equity shares worth Rs 1,590 crore with no offer for sale (OFS) component. It proposes to utilise funds for the payment of debt and for general corporate purposes. At the upper end of the price band, the company is valued at around Rs 8,500 crore, brokerage houses said. Kalpataru Ltd Managing Director Parag M Munot expressed confidence that the company's IPO would be successful despite global conflicts and economic uncertainties. He noted that India's growth story is intact, driving demand across sectors, including real estate. Munot said the company has a huge portfolio of nearly 50 million square feet, which includes 25 million square feet of ongoing projects, 16 million square feet of forthcoming, and nearly 8 million square feet of projects at the planning stage. Kalpataru is one of the leading real estate developers in the country with a significant presence in the Mumbai Metropolitan Region (MMR) in Maharashtra. Since its inception, the company has completed 75 projects, comprising 16 million square feet. While a majority of the company's projects are located in the MMR and Pune (Maharashtra), it also has projects in Hyderabad (Telangana) and Noida (Uttar Pradesh). Kalpataru Group was established in 1969 by Mofatraj P Munot. The group has a multi-national presence and has operations in EPC contracting for power transmission and distribution, oil and gas, railways, civil infrastructure projects, warehousing and logistics, and facility management. Further, Kalpataru Projects International Ltd is listed on the NSE and BSE.

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