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HomeMarket NewsClean Science shares fall 7% after more than 20% equity change hands; Promoters likely sellers
On Wednesday, August 20, CNBC-TV18 reported, citing sources that promoters Ashok and Krishna Boob were likely to sell 24% stake in Clean Science and Technology Ltd. via block deals.
By Nimesh Shah August 21, 2025, 9:21:01 AM IST (Published)
Shares of Clean Sciences and Technology Ltd. fell as much as 7% in early trading on Thursday, August 21, after a large trade that took place in the stock.
As many as 2.08 crore shares, or 20% of the company's outstanding equity changed hands in the transaction, according to Bloomberg data.
Buyers and sellers, along with further details of the transaction are unknown.
On Wednesday, August 20, CNBC-TV18 reported, citing sources that promoters Ashok and Krishna Boob were likely to sell 24% stake in Clean Science and Technology Ltd. via block deals.
Sources said the share sale was likely to raise ₹2,626 crore and the floor price was set at ₹1,030 crore, a 13% discount to Wednesday's close.
As of June 30, Clean Sciences' promoters held 74.97% stake in the company. Ashok Boob held 12.8% stake, while Krishna Boob held 2.6% stake in individual capacity. Meanwhile, Krishnakumar Ramnarayan Boob HUF held 3.04% stake in the company.
Clean Science's June quarter revenue increased 8% to ₹240 crore and its EBITDA was up ₹5% and its net profit was up 6%.
Its margins contracted to 41.7% from 42.8% in the year-ago period.
Shares of Clean Science and Technology are trading 6.6% lower at ₹1,110. Ahead of today's session, the stock had gained 31% from its IPO price of ₹900 per share, but had declined 28% from its listing high of ₹1,643 apiece.
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