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