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PharmaMedium impactAfter close

Strides Pharma divests stake in Pivot Path for ₹100 crore

after close1 source ↓written by the desknot a recommendation

Ascent Capital
₹100 crore

Strides Pharma Science has announced the divestment of its stake in Pivot Path to Ascent Capital for ₹100 crore. This strategic move aims to enhance its balance sheet while focusing on specialized CDMO and formulation businesses. The transaction underscores the growing interest from private equity in the pharmaceutical sector.

• Transaction Value: ₹100 crore

• Counterparty: Ascent Capital Group

• Sector: Pharmaceuticals / Health-Tech

This divestment may signal a shift in investment strategies within the sector, attracting more private equity interest.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 4 Jul 2026, 16:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

STAR closed −0.5% on the day of the news, from ₹1,126.80 to ₹1,121.60; Nifty +0.7% over the same session.

Bulletin at 16:03 IST on 4 Jul 2026. Every change is measured from ₹1,126.80, the last close before it, on 3 Jul. Nifty 50 is measured over the same sessions.

  • STAR close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
STAR closes around the bulletin against the close before the news, with Nifty 50 rebased to it927.1311271326axis spans 43%before the news · 3 Jul1127Nifty 50STARbulletinD0+1+3+529 Jun9 Jul20 JulReference close ₹1,126.80. 16 sessions from 29 Jun to 20 Jul; the price axis spans 43 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before3 Jul₹1,126.80basebase
On the day6 Jul₹1,121.60▼ −0.5%▲ +0.7%−1.1 pp difference
+1 session7 Jul₹1,128.20▲ +0.1%▲ +0.5%−0.4 pp difference
+3 sessions9 Jul₹1,076.00▼ −4.5%▼ −1.3%−3.2 pp difference
+5 sessions13 Jul₹1,074.00▼ −4.7%▼ −0.3%−4.4 pp difference
Gap at the open, % · ₹
▼ −0.6%−6.76 on 6 Jul
Day's range, % · ₹
2.3%≈ 25 high to low
Volume on the day
0.32×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
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Source NSE UDiFF bhavcopy · STAR on the desk →

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