BUZZ-India's Gland Pharma gains after Vanguard funds buy stake

Reuters

03-24

BUZZ-India's Gland Pharma gains after Vanguard funds buy stake

** Gland Pharma GLAD.NS rises 2.4% to 1,622.85 rupees

** Global investor Vanguard's two funds buy ~1.9 mln shares, aggregating to 1.13% stake in the drug maker at 1,588.69 rupees, NSE data shows

** GLAD top gainer on pharma index .NIPHARM, which is trading flat

** Stock down 9% YTD vs NIPHARM's 7.7% decline

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

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