Karachi, Sanofi-Aventis Pakistan Limited, a leading pharmaceutical company, has been hit by news of a substantial shareholder selling shares. Sanofi Foreign Participations B.V., a substantial shareholder in the company, has sold 5,099,469 shares at a rate of 940.00 per share, according to a disclosure of interest report.
The transaction was executed on April 28th, 2023, and the form of share certificates was CDC NOM. Sanofi Foreign Participations B.V. is the parent company of Sanofi Pakistan Limited, which holds a 46.4% stake in Sanofi-Aventis Pakistan Limited.