Brooks Labs to sell 16.33% stake in Brooks Steriscience for Rs 106.33 cr

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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 Labs board on 19 Jun 2026 approved sale of 51,220 shares (16.33% stake) in Brooks Steriscience to Steriscience Specialties at Rs 20,760 per share, about Rs 106.33 crore total. Post-sale, Brooks Labs holding drops from 49% to 32.67%. Proceeds will fund expansion, capacity enhancement, and general corporate needs. Not a related party deal.

Likely market impact

Cash infusion of about Rs 106.33 crore for growth. Brooks Labs retains 32.67% stake. Partial monetization, not a full exit.