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Strides Shasun surges on receiving CCI nod for acquisition of two CNS division of Ranbaxy

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

22 Jan 2016 Evaluate

Strides Shasun is currently trading at Rs. 1121.55, up by 36.10 points or 3.33% from its previous closing of Rs. 1085.45 on the BSE.

The scrip opened at Rs. 1098.00 and has touched a high and low of Rs. 1132.00 and Rs. 1090.10 respectively. So far 31,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1412.45 on 23-Nov-2015 and a 52 week low of Rs. 822.20 on 10-Feb-2015.

Last one week high and low of the scrip stood at Rs. 1132.00 and Rs. 964.00 respectively. The current market cap of the company is Rs. 10,025.00 crore.

The promoters holding in the company stood at 27.65% while Institutions and Non-Institutions held 44.42% and 27.94% respectively.

Strides Shasun has received order on January 21, 2016 under the Competition Act, 2002 from the Competition Commission of India (CCI) approving the proposed transaction of the company for acquisition of Ranbaxy’s two CNS divisions. With this approval, all necessary regulatory approvals have been obtained.

Last year in September, the company was in process of acquiring Ranbaxy’s two divisions in Central Nervous System (CNS) segment in India from Sun Pharmaceutical Industries for Rs 165 crore. The pharma major and Sun Pharma had entered into a definitive agreement related to erstwhile Ranbaxy’s ‘Solus’ and ‘Solus Care’ divisions.

Strides Shasun (formerly known as 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 Shasun surges on receiving CCI nod for acquisition of two CNS division of Ranbaxy

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