Strides Shasun has received approval from the Competition Commission of Kenya for the acquisition of controlling stake in Universal Corporation, Kenya. The transaction is expected to close by May 30, 2016.
Strides Shasun (formerly known as Strides Arcolab) is engaged in manufacturing, sale and export of pharmaceutical products. It offers general tablets, hard gelatin and soft gelatin capsules, sachets, potent drugs and and semi-solids.