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Stocks

Big Whale Anuj Sheth doubles his stake in Themis Medicare

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Themis-logo

Themis Medicare is a joint venture pharmaceutical company, with Gedeon Richter Ltd., Hungary. The company in over three decades has made its presence felt in manufacturing and marketing innovative pharmaceutical products.

Headquartered in Mumbai the company has four state-of-the-art manufacturing facilities at three locations, in Vapi (Gujarat), Hyderabad (Andhra Pradesh), and Haridwar (Uttaranchal).

Even though, Active Pharmaceutical Ingredients account for a significant portion of Themis Medicare’s revenue, the company is also engaged in co-marketing its research based formulations with other pharmaceutical companies in India and abroad.

Big Whale Anuj Sheth (Check out the complete portfolio up to March, 2016) who held 335,490 shares representing 3.94% of the share capital has increased his stake to 635,490 shares representing 7.05% of the share capital. This would value his holdings in the company at Rs. 34.79 lakhs.

This increase of 300,000 shares or 3.33% has been through a preferential allotment (This was based on the decision taken during the Board Meeting of June 17, 2016 wherein it was agreed to allot 500,000 Equity Shares of Rs. 10/- each at a price of Rs. 500/- each to Non Promoters).

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