Foreign institutional investors (FIIs) have raised shareholding in Lupin over the last three months. FIIs' shareholding increased by 206 basis points to 36.75 percent at the end of June 2015 quarter from 34.69 percent as on Mar 31, 2015.

On the other hand, domestic institutional investors (DIIs) shareholding decreased by 185 basis points to 6.82 percent at the end of June 2015 quarter from 8.67 percent as on Mar 31, 2015.

Non Institutions were holding 9.84 percent stake at the end of June 2015 quarter, down 17 basis points from 10.01 percent as on Mar 31, 2015.

Corporate bodies were holding 1.1 percent stake at the end of June 2015 quarter, down 4 basis points from 1.14 percent as on Mar 31, 2015.

Shares of the company declined Rs 25.05, or 1.31%, to trade at Rs 1,882.90. The total volume of shares traded was 63,932 at the BSE (12.53 p.m., Wednesday).