Promoters of Cipla, including Person Acting in Concert, sold 2.53% stake for around Rs 2,600 crore to create liquidity for specific needs, including philanthropy. After the stake sale, the entire promoter group holds 31.67% in Cipla, showing commitment to the company's future. Cipla shares rose 3.6% following the block deal, with details about the buyers not disclosed. The company reported significant profit and revenue growth in the March quarter. Brokerage HSBC maintains a 'Buy' rating with a price target of Rs 1,600, citing Cipla's healthy outlook and notable pipeline products.