LIVE MARKET TRACKER :   BSE SENSEX   33679.24      |    NSE NIFTY 10389.70    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  Corporate  :  Strides Shasun completes acquisition of strategic stake in Generic Partners Holdings

Strides Shasun completes acquisition of strategic stake in Generic Partners Holdings (17-Aug-2016)

Strides Shasun has completed the acquisition of strategic stake in Generic Partners Holdings, Australia and the above transaction has achieved closure. In February, the company had signed definitive agreements to acquire a strategic stake in Generic Partners Holdings, an Australian pharmaceutical supply and research company. Under the terms of the agreement, Strides Shasun will hold 51% of the issued capital of Generic Partners and the remaining equity will continue to be held by the current promoters. This was an all cash deal for an upfront consideration of AUD 15 Million and a commitment of AUD 10 Million to fund future R&D.

The acquisition provides Strides Shasun immediate access to 47 commercialized marketing authorizations making Arrow Pharmaceuticals, a wholly owned subsidiary of the company, the second largest generic pharmaceutical products company in Australia with a portfolio of over 180 molecules.

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.


Top News Today
Ashok Leyland hikes stake in UK subsidiary Optare
(25-Nov-2017)

Ashok Leyland hikes stake in UK subsidiary OptareAshok Leyland has increased its stake in its loss-making UK subsidiary Optare Plc by 23.20% to 98.31%. The UK arm is one of the leading manufacturers of single-decker, double-decker buses and electric......click on news to read complete article.

Lakshmi Vilas Bank planning to raise Rs 786 crore through rights issue
(25-Nov-2017)

Lakshmi Vilas Bank planning to raise Rs 786 crore through rights issueLakshmi Vilas Bank is planning to raise Rs 786.87 crore through the rights issue. In this regard, the Capital Raising Committee of the Board of the Bank met and decided that the rights issue to be offered......click on news to read complete article.

HDFC Standard Life looking to invest more in capital goods sectors: Report
(25-Nov-2017)

HDFC Standard Life looking to invest more in capital goods sectors: ReportHDFC Standard Life Insurance Company is reportedly looking to invest more in the capital goods sectors and a range of companies that are expected to benefit from a major government push to build more homes......click on news to read complete article.

International Stock News
US markets end abbreviated session with modest gains
(25-Nov-2017)

US markets end abbreviated session with modest gainsThe US markets ended the abbreviated trading session with marginal gains on Friday. Trading activity remained subdued, however, as many traders remained away from their desks following the holiday. An......click on news to read complete article.

Asian markets mostly lower in early deals on Friday
(24-Nov-2017)

Asian markets mostly lower in early deals on FridayMost of the Asian equity benchmarks hovered below their 10-year peak in the early deals on Friday while investors viewed Chinese shares with caution after their big fall on the previous day and in the......click on news to read complete article.

Asian markets trade mostly lower in early deals on Monday
(20-Nov-2017)

Asian markets trade mostly lower in early deals on MondayMost of the Asian equity benchmarks are trading in red in the early deals on Monday as investors took a cue from Wall Street last week and noted a light week ahead in the US market with a major holiday......click on news to read complete article.

 

     
  
Recent Corporate News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.