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Strides Arcolab gains on receiving approval to increase FII investment limits up to 74%

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

05 Aug 2013 Evaluate

Strides Arcolab is currently trading at Rs. 716.00, up by 21.30 points or 3.07% from its previous closing of Rs. 694.70 on the BSE.

The scrip opened at Rs. 700.00 and has touched a high and low of Rs. 729.00 and Rs. 696.00 respectively. So far 7,885 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1224.90 on 05-Dec-2012 and a 52 week low of Rs. 552.65 on 01-Aug-2013.

Last one week high and low of the scrip stood at Rs. 724.00 and Rs. 552.65 respectively. The current market cap of the company is Rs. 4,227.00 crore.

The promoters holding in the company stood at 27.39% while Institutions and Non-Institutions held 59.81% and 12.80% respectively.

Strides Arcolab has received an approval to increase the Foreign Institutional Investors (FII) investment limit in the company. FII’s can now invest up to 74% of the paid up equity share capital of the company under the Portfolio Investment Scheme. The current FII holding in the company is 52%.

The shareholders of the company at their Extraordinary General Meeting held on August 03, 2013, have approved for the same. As required under the FEMA Regulation, the company has made necessary intimation to the Reserve Bank of India confirming the shareholders’ approval for the increased FII investment limit.

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

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Strides Arcolab gains on receiving approval to increase FII investment limits up to 74%

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