Strides Shasun has launched a share sale to raise funds up to Rs 1,500 crore ($225.7 million). The company is selling shares at Rs 1,278 apiece in the transaction, which comprises a base deal for Rs 1,000 crore with an upsize option of Rs 5 crore. Axis and Jefferies are the bookrunners for the deal.
Strides Shasun is a vertically integrated global pharmaceutical Company headquartered in Bangalore. The company has four business verticals, viz., Regulated Markets, Emerging Markets, Institutional Business and Pharmaceutical Services & Active Ingredients.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1669.80 |
| Dr. Reddys Lab | 1236.00 |
| Cipla | 1233.30 |
| Zydus Lifesciences | 939.00 |
| Lupin | 2331.35 |
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