Mankind Pharma has sold its 100% stake held in Broadway Hospitality Services (Broadway) to AKRK Projects LLP and its Partners. Post this transaction, Broadway has ceased to be a wholly owned subsidiary of the company with effect from August 31, 2026.
Earlier, the Board of Directors of the company, at its meeting held on July 11, 2026, had approved the divestment of 100% stake held in Broadway for a consideration of Rs 49.00 crore.
Mankind Pharma is engaged in developing, manufacturing and marketing a diverse range of pharmaceutical formulations across various acute and chronic therapeutic areas, as well as several consumer healthcare products.
| Company Name | CMP |
|---|---|
| Sun Pharma. Inds. | 1936.75 |
| Dr. Reddys Labs. | 1165.60 |
| Cipla | 1405.05 |
| Lupin | 2144.15 |
| Zydus Lifesciences | 1161.60 |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: