
Divestment2 Sept 2026, 05:00 pm
Blue Star E&E MedTech Business Sale Completed
AI Summary
Blue Star Ltd announced the completion of the sale and transfer of the MedTech business of its wholly-owned subsidiary, Blue Star Engineering & Electronics Limited (Blue Star E&E), to Cyrix Healthcare Private Limited. The transfer was effective September 1, 2026. The MedTech business, which deals with high-end medical diagnostic equipment and services, was sold on a slump sale basis. The consideration is payable in tranches, with the final payment due by March 31, 2027. The MedTech division contributed Rs 42.13 crores in income for FY26, representing approximately 0.33% of Blue Star's consolidated income, and had a net worth of approximately Rs 7.11 crores as of March 31, 2026.
Key Highlights
- Sale of Blue Star E&E's MedTech business to Cyrix Healthcare is complete.
- Transfer effective September 1, 2026, with final payment by March 31, 2027.
- MedTech division contributed 0.33% of FY26 consolidated income.
- Net worth of the divested business was approximately Rs 7.11 crores.
Price Impact
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