Alkem Laboratories has received stock exchange approval for reclassifying four promoter group members to the public category.

This reclassification involves 22 lakh (0.22 Cr) shares.

Post-approval, the promoter holding will decrease from 55.13% to 53.29%, while public holding will increase from 44.87% to 46.71%. This move enhances the public float by 1.84%.