Mankind Pharma completes sale of 100% stake in Broadway Hospitality subsidiary

Core Business DivestedStrategic Transactions View source PDF Explain this filing

MANKIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.4%Reaction day

₹2419.20

prior close

₹2381.40

announcement price

After-mkt

timing

Nifty Midcap 150market-1.2%-1.2% vs market

Pharmaceuticals peers, median of 175sector-0.3%-2.1% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Midcap 150 and 2.1 pts less than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.2

10m

-1.1

15m

-0.8

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.4-1.2-1.2-0.3-2.1

Next day

-1.8-1.8+0.0-0.5-1.3

-2.3-1.3-1.0+0.0-2.3

-3.8-1.6-2.2+0.2-4.0

-4.1-2.0-2.1+0.2-4.3

-4.6-1.9-2.7+0.9-5.4

-7.5-2.7-4.8+0.3-7.8

15d

+1.6-2.6+4.2+0.7+0.9

+4.8-8.0+12.8-1.3+6.1

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UpDownMarket · Nifty Midcap 150Sector · Pharmaceuticals peers, median of 175Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mankind Pharma has completed the sale of its 100 percent stake in Broadway Hospitality Services Pvt Ltd to AKRK Projects LLP and its partners on August 31, 2026. Broadway was a wholly owned subsidiary of Mankind Pharma and has now ceased to be one. This follows the company earlier intimation dated July 11, 2026 announcing the proposed sale. Broadway operated in the hospitality sector, which is non-core for the pharma focused Mankind Pharma.

Likely market impact

Non-core hospitality subsidiary fully divested, allowing sharper focus on core pharma business. Likely minor positive for shareholders.