Foreign portfolio investor Elara India Opportunities Fund on June 12 sold 1,50,000 equity shares of Aarey Drugs and Pharmaceuticals at Rs 17.26 per share, according to the bulk deals data available on BSE.
The fund house had sold 1.6 lakh shares in the pharma company at Rs 18.01 per share on June 11. In two consecutive sessions, it has sold a 1.3% stake. As per the March quarter shareholding pattern, it held a 1.51% stake in Aarey.
The stock price corrected further by 4.3% today to close at Rs 17.80 on the BSE.
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