MANKIND PHARMA : APPROVES DIVESTMENT OF WHOLLY OWNED SUBSIDIARY & INCORPORATION OF NEW WOS

• Board approved divestment of 100% stake in Broadway Hospitality Services Private Limited to AKRK Projects LLP and Partners • Consideration for divestment is ₹49.00 Crores, subject to closing adjustments • Company to incorporate a wholly owned subsidiary in Netherlands for R&D and business development activities • Proposed investment in Netherlands WOS is up to Euro 5 Million

Mankind Pharma Ltd

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