Davuluri Vijaya Rao sells Neuland Labs stake

Davuluri Vijaya Rao disclosed a transaction involving Neuland Laboratories Limited (BSE:NEULANDLAB) on February 24, 2025. According to a regulatory filing under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Rao transferred 608,338 equity shares, representing approximately 4.74% of Neuland Laboratories' equity. The transfer was executed pursuant to an exemption order from SEBI dated January 3, 2025. Following this transaction, Rao's holding in Neuland Laboratories is reduced to 5,000 shares, or 0.04% of the company's equity. The inter-se transfer was under the approval for shares and voting rights acquired by the Davuluri Ownership Trust.