Promoters may offload 24% stake in Clean Science for over Rs 2,626.5 crore

By

Kairavi Lukka

, ET BureauLast Updated: Aug 21, 2025, 05:44:00 AM IST

Synopsis

Ashok Boob and Krishnakumar Boob, promoters of Clean Science and Technology, are planning to sell a 24% stake in the company through a block deal on exchanges this Thursday. The deal, brokered by JP Morgan India, involves the sale of 2.55 crore shares and could fetch over ₹2,626.5 crore. The floor price is set at ₹1,030 per share, a 12.

Mumbai Promoters Ashok Boob and Krishnakumar Boob may offload a 24% stake in Clean Science and Technology for over ₹2,626.5 crore in a block deal on exchanges on Thursday, according to a term sheet seen by ET.

The promoters and related entities may sell a combined 2.55 crore shares in the deal.

JP Morgan India will act as the brokers to the transaction.

The deal may be executed at a floor price of ₹1,030 per share, a 12.8% discount to Wednesday's closing price of ₹1,180.8.

As of June 30, the promoter group held a 74.97% stake in Clean Science.

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