NSESale or disposal3 Jul 2026 · 3 Jul 2026, 05:51 pm

Sale or disposal

Strides Pharma Science Limited · STAR

✦ AI SummaryDivestiture

Strides Pharma Science Limited has completed the sale of its majority stake in Pivot Path to a consortium led by Ascent Capital for ₹1,000 million, with ₹750 million received and the balance of ₹250 million payable on the first anniversary of the closing date.

Analysis Scores

Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

Strides Pharma Science Limited has informed the Exchange about Update on completion of transaction relating to Pivot Path.

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STRIDES_03072026174859_SE_IntimationJul32026.pdf

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July 3, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (E), Mumbai - 400 051, Maharashtra. Dalal Street, Mumbai – 400 001, Maharashtra. Symbol: STAR Scrip Code: 532531 Dear Madam/ Sir, Ref: Press Release issued by the Company on June 27, 2026 titled “Strides Partners with Ascent Capital to Unlock Value in Pivot Path” and the disclosure made under Regulation 30 of SEBI Listing Regulations. Sub: Update on completion of transaction relating to Pivot Path With reference to the above, we wish to inform you that the transaction pertaining to Strides’ partnership with Ascent Capital for unlocking value in Pivot Path has been successfully completed. As previously disclosed, the transaction involved sale of Strides’ majority stake in Pivot Path to a consortium led by Ascent Capital, together with co-investor Vintage Classic, for an aggregate consideration of approximately ₹1,000 million. Pursuant to completion of the transaction, the Company has received ₹750 million, with the balance consideration of ₹250 million being payable on the first anniversary of the closing date, in accordance with the agreed transaction terms. Consequent to the completion of the transaction, Pivot Path has ceased to be a Wholly Owned Subsidiary of the Company with effect from July 1, 2026 and shall henceforth be classified as an Associate Company. Kindly take the above information on record. Thanks & Regards, For Strides Pharma Science Limited, Manjula Ramamurthy Company Secretary & Compliance Officer ICSI Membership No. A30515 Strides Pharma Science Limited CIN: L24230MH1990PLC057062 Corp. Off: Strides House, Bilekahalli, Bannerghatta Road, Bengaluru – 560 076, India |Tel: +91 80 6784 0000 Regd. Off: ‘Cyber One’, Unit No. 902, Plot No. 4&6, Sector 30A, Vashi, Navi Mumbai – 400 703, India Tel: +91 22 2789 2924/3199 corpcomm@strides.com; www.strides.com