The shares were sold at an average price of Rs 560.04 apiece, a discount of more than three per cent to Monday’s closing price of Rs 578.75 on the BSE.
At this price, the transaction size has been pegged at Rs 1,220.28 crore, the data showed.
The scrip of
has settled 2.38 per cent lower at Rs 565 apiece on the BSE.
ICICI Prudential Mutual Fund was among the entities that lapped up the company’s shares.
As of June year, of the promoters’ holding of 70.29 per cent, Biocon held a 69.99 per cent stake in Syngene, the shareholding pattern with the exchange showed.
In separate block deals, Raja Ganesan Chandramogan, promoter of , offloaded 27.2 lakh shares of the company for nearly Rs 269 crore.
The shares were picked up by
Mutual Fund and SBI Mutual Fund.