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Strides Shasun concludes acquisition of controlling stake in Universal Corporation, Kenya

08 Jun 2016 Evaluate

Strides Shasun has concluded the acquisition of controlling stake in Universal Corporation, Kenya. The company had earlier in February 08, 2016 inked definitive agreements to acquire a controlling stake in Universal Corporation, Kenya.

With this acquisition, the company will get a strong presence in the key east African markets and will complement its current capacities of six strategically located plants across major geographies in Sub Saharan Africa.

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.


Peers
Company Name CMP
Sun Pharma. Inds. 1853.50
Dr. Reddys Labs. 1202.80
Cipla 1397.20
Lupin 2090.00
Zydus Lifesciences 1202.00
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