Divestment27 Jul 2026, 06:20 pm
Mankind Pharma Completes Sale of Broadway Hospitality for ₹49 Cr
AI Summary
Mankind Pharma Ltd has announced the final update on the stake sale of its subsidiary, Broadway Hospitality Services Private Limited. The company has executed a Share Purchase Agreement on July 27, 2026, for the sale of its entire 100% stake in Broadway Hospitality. The transaction is valued at a cash consideration of ₹49 Crore, subject to closing adjustments. This divestment aligns with the company's strategic objectives and is a significant step in its ongoing portfolio management.
Key Highlights
- Mankind Pharma sold 100% stake in Broadway Hospitality Services.
- The sale generated a cash consideration of ₹49 Crore.
- The transaction is subject to closing adjustments.
- This represents a divestment of a subsidiary.
- The company has completed the execution of the Share Purchase Agreement.
Price Impact
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