Gland Pharma (GLAND IN) India
Healthcare
M N Ravi Chandra (VP of Operations since 2004) sold 5,000 shares at INR 1,730, cutting his stake by 50%. This is only his second sale, and whilst smaller in size than his prior timely sale of 7,000 shares in Aug 21 at INR 4,035, it is concerning to see him selling at less than half the price. K V G K Raju (CTO since 2021) sold 7,992 shares at INR 1,790, reducing his holding to zero. There is no news that he is leaving. Moreover, P Balaji (Head of Logistics) sold 1,000 shares at INR 1,764, cutting his holdings in half at the lowest price he has sold shares. This is a concerning cluster of sales from key officers and all have good overall records as sellers.
Edition: 182
- 22 March, 2024