Solara promoter, TPG plan to sell stake in company
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www.biotecnika.org
The company has seen a near five-fold jump in its share price, giving
promoters Kumar and his partner KR Ravishankar an additional reason to
cash out. Together they own 44% of the company. TPG has a 15.2% stake.
A change in management will also trigger an open offer.
https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/solara-promoter-tpg-plan-to-sell-stake-in-co/articleshow/81078592.cms
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February 8, 2024 at 4:22 AM
Thanks. Such actions often indicate a desire to capitalize on current market conditions or pursue new opportunities. It will be interesting to see how this sale impacts Solara's trajectory and if it leads to any significant changes in its operations or market positioning.
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