Mankind Pharma Limited has announced the successful completion of its transaction to sell its 100% stake in Broadway Hospitality Services Private Limited. The divestment was finalized on August 31, 2026, with the stake transferred to AKRK Projects LLP and its Partners. Consequently, Broadway Hospitality Services Private Limited is no longer a wholly-owned subsidiary of Mankind Pharma as of the effective date.
Divestment of Broadway Hospitality Completed
Mankind Pharma Limited has confirmed the completion of its divestment plan concerning its subsidiary, Broadway Hospitality Services Private Limited. In a regulatory filing dated August 31, 2026, the company stated that its entire 100% stake in Broadway Hospitality has been successfully transferred to AKRK Projects LLP and its Partners.
Subsidiary Status Change
This transaction signifies a notable shift in Mankind Pharma’s corporate structure, with Broadway Hospitality Services Private Limited officially ceasing to be a wholly-owned subsidiary. The effective date for this change in ownership status is August 31, 2026. All relevant disclosures as per the applicable Listing Regulations were previously submitted with an earlier intimation dated July 11, 2026.
Source: BSE
