Clean Science Promoters Weigh Minority Stake Sale to Meet Public Holding Norms

Image Source : India TV News

Clean Science and Technology Ltd has announced that select promoter group members are evaluating the possibility of selling a minority stake in the company. The move is aimed at aligning with SEBI’s minimum public shareholding requirement.

Key Highlights:

Promoters currently hold 78.51 percent, exceeding the regulatory cap of 75 percent.
Asha Ashok Boob, Nilima Krishnakumar Boob, and Asha Ashok Sikchi are expected to divest around 3.51 percent via block deals.
The proposed sale involves approximately 3.73 million shares, with the process likely to conclude by June 30.

Strategic Context:

The stake sale is not expected to impact management control or operational strategy.
Clean Science remains focused on expanding its specialty chemicals portfolio and maintaining strong export momentum.

Market Reaction:

Shares dipped nearly 4 percent following the announcement, reflecting shortterm investor caution.
Analysts expect the move to improve liquidity and broaden institutional participation.

Sources: LiveMint, Trade Brains, Moneycontrol, Clean Science Exchange Filings.