Market Updates: Apollo Hospitals Stake Sale and Abbott’s Diabetes Tech Launch

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2025-08-22 07:43:02

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Suneetha Reddy of Apollo Hospitals' promoter group plans to offload 1.8 million shares via a block deal at ₹7,747 apiece, a 2.3% discount to Thursday's close. Morgan Stanley will manage the transaction, which could net ₹1,394.5 crore.

Abbott introduces FreeStyle Libre 2 Plus in India—a glucose monitoring sensor delivering minute-by-minute readings to smartphones. The device eliminates manual scans and alerts users to critical blood sugar levels, empowering diabetics with real-time data.

Piramal Pharma Solutions unveils a dedicated oral solid dosage facility in Pennsylvania, expanding its CDMO capabilities. The Sellersville site will support end-to-end development and manufacturing of complex drug formulations.

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Three Pharma Companies in Focus: Apollo Hospitals, Abbott, and Piramal Pharma

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