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Strides Arcolab soars on approving merger with Shasun Pharmaceuticals

Strides Pharma Science Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 532531 | NSE: STAR

30 Sep 2014 Evaluate

Strides Arcolab is currently trading at Rs. 723.50, up by 21.55 points or 3.07% from its previous closing of Rs. 701.95 on the BSE.

The scrip opened at Rs. 718.00 and has touched a high and low of Rs. 748.35 and Rs. 718.00 respectively. So far 297784 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1050.00 on 05-Dec-2013 and a 52 week low of Rs. 343.80 on 26-Feb-2014.

Last one week high and low of the scrip stood at Rs. 748.35 and Rs. 625.10 respectively. The current market cap of the company is Rs. 4336.38 crore.

The promoters holding in the company stood at 27.67% while Institutions and Non-Institutions held 50.73% and 21.59% respectively.

Strides Arcolab has approved merger with Shasun Pharmaceuticals. The combination creates a vertically integrated pharma company of scale with strong presence in Front-ended Regulated Markets Finished Dosages, Emerging Markets Branded Generics, Institutional Business, Active Pharmaceutical Ingredients and Contract Research and Manufacturing Services. Shashun shareholders will receive five equity shares of Strides for every sixteen equity shares held by them in Shasun.

The combination significantly enhances Finished Dosages portfolio in niche and complex domains with a pipeline of over 100 products and accelerates product filings with a combined R&D strength of over 400 personnel. Moreover, the combination creates a top 15 listed Indian pharma company by revenue with increased scale and visibility to drive future growth of the group.

Strides Arcolab is a global pharmaceutical company headquartered in Bangalore, India that develops and manufactures wide range of IP-lead niche pharmaceutical products with an emphasis on sterile injectables.

Strides Pharma Scien Share Price

1000.70 6.80 (0.68%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Sun Pharma Inds.	1675.20
Dr. Reddys Lab	1235.40
Cipla	1238.30
Zydus Lifesciences	942.55
Lupin	2324.25
View more..

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Strides Arcolab soars on approving merger with Shasun Pharmaceuticals

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