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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.
