Malabar India decreased its stake in Neuland Laboratories from 5.65% to 5.42%, selling 29,402 shares for ₹54.19 crore at ₹18,434 apiece.
A pharmaceutical manufacturer engaged in the production and distribution of bulk drugs, Neuland Labs serves both domestic and international markets through its integrated operations. The company specializes in manufacturing active pharmaceutical ingredients and provides contract manufacturing services to global pharmaceutical companies. Its facilities are designed to meet stringent international quality and regulatory standards for pharmaceutical production.
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