Strides Shasun has mopped up over Rs 1,102 crore through qualified institutional placement (QIP), which was opened on December 17.
The QIP Committee of the company, on December 21, 2015, approved closure of issue period of the QIP . The issue price is at a discount of 4.97 per cent to the floor price of Rs 1,344.78 per equity share, in accordance with proviso to Regulation 85(1) of SEBI ICDR regulations.
Strides Shasun is a vertically integrated global pharmaceutical company headquartered in Bangalore. The company has four business verticals - Regulated Markets, Emerging Markets, Institutional Business and Pharmaceutical Services & Active Ingredients.
