On Thursday, September 18, Cohance Lifesciences shares saw a hit of over 5%, reaching a day low of ₹909.10 at 09:50 AM, after opening at ₹927.00 on BSE. The drop in Cohance Lifesciences shares came after the major block involving a trade of ~3.39 crore shares, equivalent to an 8.9% equity stake. The transaction was valued at ₹3,073 crore.
As per a news report by CNBC-TV18 earlier in the day, Jusmiral Holdings was expected to offload this 8.9% stake, or around 34.1 million shares, for approximately $350 million via block deals. Just a day prior, reports had indicated that Jusmiral Holdings planned to divest up to 5.1% of its holdings in the company.
The offer was pegged at ₹1,756 crore, with a floor price of ₹900 per share, representing a 6.9% discount to the stock’s previous closing price. A lock-in period of 210 days has reportedly been set for any further share sales by the seller.
IIFL Capital is acting as the book-running lead manager for the transaction, sources added.
As of the end of the June 2025 quarter, Jusmiral Holdings held a 33.34% stake in Cohance Lifesciences, according to exchange data.
Also Read: Waaree Energies To Offload 14.66% Stake Indosolar Through OFS
Cohance Lifesciences, formerly known as Suven Pharmaceuticals until its rebranding in May 2025, is a Hyderabad-based Contract Development and Manufacturing Organisation (CDMO). The company partners with global pharmaceutical, biotech, and specialty chemical firms, providing end-to-end solutions, from early-stage research and development to full-scale commercial manufacturing.
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Published on: Sep 18, 2025, 10:05 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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