Transaction Details
- Action Approved: Partial sale of equity shares held in Brooks Steriscience Limited
- Buyer: Steriscience Specialties Private Limited
- Number of Shares Sold: 51,220 (Fifty-One Thousand Two Hundred and Twenty) Equity Shares
- Price per Share: ₹20,760
- Total Consideration: ₹106,33,27,200 (Rupees One Hundred Six Crore Thirty-Three Lakh Twenty-Seven Thousand Two Hundred only)
- Transaction Type: Cash consideration
- Status: Subject to completion of customary documentation and applicable regulatory requirements
Shareholding Impact
- Pre-Transaction Holding: 49.00% of paid-up share capital of Brooks Steriscience Limited
- Shares Sold: 51,220 equity shares representing 16.33% of paid-up share capital
- Post-Transaction Holding: 1,02,440 equity shares representing 32.67% of paid-up share capital
- Nature: Partial monetization of investment, not a complete divestment
Purpose and Effects
The proceeds received from the transaction will be deployed towards the Company's growth strategy, including:
- Expansion of operations
- Capacity enhancement
- Funding of business opportunities
- General corporate purposes
Board Meeting Details
- Meeting Date: June 19, 2026
- Commencement Time: 16:00 hours
- Conclusion Time: 19:30 hours
- Approval: Transaction approved by the Board of Directors
Related Party Transaction
The acquisition/disposal does not fall within related party transaction(s). The promoter/promoter group/group companies have no interest in the entity being disposed of.
Additional Information
The transaction shall be completed in accordance with applicable laws and regulations.