<a href="https://www.mid-day.com/news/india-news/article/i-t-dept-raids-mankind-pharma-premises-in-delhi-over-tax-evasion-allegation-23285906" target="_blank" rel="none noopener">Mankind Pharma</a> on Monday said it has sold a 100 per cent stake in Broadway Hospitality Services to AKRK Projects LLP.
Accordingly, Broadway has ceased to be a wholly-owned subsidiary of the company with effect from August 31, 2026, the pharmaceutical company said in a regulatory filing.
"In continuation to our earlier intimation dated July 11, 2026, we wish to inform you that the company has completed the transaction on August 31, 2026, by transferring its 100 per cent stake held in Broadway Hospitality Services Private Limited to AKRK Projects LLP and its partners," it said
In its filing to the exchanges on July 11, Mankind Pharma had said the total consideration for the <a href="https://www.mid-day.com/business/business-news/article/centre-raises-rs-3000-crore-from-6-per-cent-divestment-in-hindustan-copper-23646886" target="_blank" rel="none noopener">divestment</a> was Rs 49 crore, subject to any closing adjustment.
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The company had earlier said Mankind Pharma had said the total consideration for the divestment was Rs 49 crore

Mankind Pharma exits Broadway Hospitality; sells entire stake to AKRK Projects

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In its filing to the exchanges on July 11, Mankind Pharma had said the total consideration for the divestment was Rs 49 crore, subject to any closing adjustment

Mankind Pharma exits Broadway Hospitality; sells 100 per cent stake to AKRK Projects for Rs 49 crore

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Home / Business / Business News / Article / Mankind Pharma exits Broadway Hospitality; sells 100 per cent stake to AKRK Projects for Rs 49 crore