Sucheth Rao Davuluri reduces stake in Neuland Labs

Sucheth Rao Davuluri disclosed the transfer of 79,573 equity shares of Neuland Laboratories Limited (BSE:NEULANDLAB) in compliance with SEBI regulations, reducing his stake by 0.62%. The transaction occurred on February 25, 2025. Post-transfer, Davuluri's holding stands at 2.01% of the company's equity. The share transfer was executed pursuant to an exemption order from SEBI dated January 3, 2025, concerning the proposed acquisition of shares and voting rights by the Davuluri Ownership Trust. Before the transfer, Davuluri held 2.63% stake in the company.