Strides Shasun is currently trading at Rs. 1113.15, up by 29.45 points or 2.72% from its previous closing of Rs. 1083.70 on the BSE.
The scrip opened at Rs. 1105.00 and has touched a high and low of Rs. 1122.95 and Rs. 1086.05 respectively. So far 32787 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1400.00 on 10-Dec-2015 and a 52 week low of Rs. 848.00 on 29-Feb-2016.
Last one week high and low of the scrip stood at Rs. 1122.95 and Rs. 1064.00 respectively. The current market cap of the company is Rs. 9964.61 crore.
The promoters holding in the company stood at 31.14%, while institutions and non-institutions held 47.91% and 20.95% respectively.
Strides Shasun has signed definitive agreements to acquire the entire shareholding in Perrigo API India for Rs 100 crore. The transaction is subject to customary closing conditions and expected to be closed by December 31, 2016. With this acquisition, the company bring into its fold a US FDA approved API facility designed to handle multipurpose small batch productions. Meanwhile, Perrigo parent or affiliates will continue to source few products from the facility under a long term supply agreement.
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.
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