Nirayu Private Limited bought 1,20,609 shares of Alembic Limited for ₹1.22 Cr at ₹100.98 apiece through a market purchase, increasing the promoter group's stake from 63.42% to 63.46%.
A diversified conglomerate engaged in pharmaceuticals, real estate, and power assets, Alembic operates through multiple group entities including a significant stake in Alembic Pharma Ltd. Headquartered in Vadodra, the company traces its origins to 1907 and maintains strategic investments across its business portfolio. It serves markets through pharmaceutical formulations, residential and commercial real estate development projects, and power generation assets across India.
