Sanofi Consumer Healthcare lists on stock exchanges after demerger, shares hit 5% upper circuit on day 1
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Shares of Sanofi Consumer Healthcare India made their market debut on Friday, listing on both the NSE and BSE. On its first day of trading, the stock hit a 5% upper circuit limit, reaching Rs 4,702.9 on the BSE. "The equity shares of Sanofi Consumer Healthcare India Ltd (Scrip Code: 544250) are listed and admitted to dealings on the Exchange in the list of ''T'' Group Securities," the company stated in an exchange filing. Sanofi Consumer Healthcare India is the demerged consumer healthcare division of Sanofi India. The board of Sanofi India approved the demerger on May 10, 2023, separating the Consumer Healthcare business into a new entity, Sanofi Consumer Healthcare India Limited. This move is expected to unlock greater value and foster sustainable growth for the consumer healthcare segment. Following the demerger, Sanofi retained a 60.4% stake in both entities, and shareholders received one Sanofi Consumer Heal...