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Strides to demerge and list biotech business under Stelis Biopharma

04 Feb 2021 Evaluate

Strides Pharma Science’s (Strides) Board of Directors  have approved in principle the demerger of its biotech business under Stelis Biopharma (Stelis). The demerger is expected to unlock significant value for Strides shareholders.

The Board will form a Committee of Directors to explore various options of value discovery including listing of the business on a standalone basis. The Committee will recommend the proposals to the Audit Committee, Committee of Independent Directors and Board including the Scheme, swap ratio and way forward.

Strides Pharma Science (Formerly Strides Shasun) is a pharmaceutical company with a major focus on development and manufacture of IP-led niche finished dosage formulations. It is also among the world’s largest manufacturers of soft gelatin capsules.

Strides Pharma Scien Share Price

1009.80 12.15 (1.22%)
22-Apr-2026 12:13 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1660.20
Dr. Reddys Lab 1220.70
Cipla 1233.85
Zydus Lifesciences 931.20
Lupin 2307.30
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