Pioneer Investment Fund sells stake for Rs 124 crore in Zydus Wellness
14th Jul 2022

Pioneer Investment Fund has offloaded 8,07,322 shares amounting to 1.27% stake in Zydus Wellness for Rs 124 crore through an open market transaction. The shares were disposed of at an average price of Rs 1,540.21.

Zydus Wellness was incorporated as Carnation Nutra-Analogue Foods Limited. Initially the company was engaged in the business of manufacturing, buying and selling of all types of health food products, low fat, low cholesterol including table margarine, cheese, butter and substitute products.