Announced Sat, 20 Jun · 15:06 IST
Brooks Labs sells 16.33% stake in Brooks Steriscience for Rs 106.33 cr
Strategic Transactions View source PDF
BROOKS · price
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Price reaction · full curve 14 horizons · vs prior close
+7.9%1-day move
₹68.10
prior close
₹70.01
base price
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AI summary
Brooks Laboratories is selling 51,220 equity shares (16.33% stake) in Brooks Steriscience Limited to Steriscience Specialties for Rs 20,760 per share, totalling about Rs 106.33 crore. After the deal, Brooks Labs will hold 32.67% in Brooks Steriscience, down from 49%. The proceeds will fund growth, expansion, capacity enhancement and general corporate purposes. The transaction is not a related party deal. Board approved the sale on 19 June 2026.
Likely market impact
Brings in about Rs 106.33 crore cash for growth. Brooks Labs retains a 32.67% stake, so it is a partial monetization, not a full exit.