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Strides Arcolab informs about update on scheme of amalgamation

29 Oct 2015 Evaluate

Strides Arcolab has informed that the Foreign Investment Promotion Board, Government of India, in its press release dated October 28, 2015 has approved the Company’s proposal for issuing shares to non-resident equity shareholders under the Scheme of Amalgamation. The Company await formal letter from FIPB in this regard.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Sun Pharma. Inds. 1760.00
Dr. Reddys Labs. 1231.85
Cipla 1325.00
Lupin 1955.80
Zydus Lifesciences 1124.30
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