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05-Dec2017

Strides Shasun gains on concluding divestment of India brand business to Eris Lifesciences

Strides Shasun is currently trading at Rs. 822.40, up by 5.05 points or 0.62% from its previous closing of Rs. 817.35 on the BSE.

The scrip opened at Rs. 821.00 and has touched a high and low of Rs. 825.00 and Rs. 808.20 respectively. So far 668667 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1259.00 on 03-Feb-2017 and a 52 week low of Rs. 754.00 on 09-Nov-2017.

Last one week high and low of the scrip stood at Rs. 827.70 and Rs. 770.40 respectively. The current market cap of the company is Rs. 7303.54 crore.

The promoters holding in the company stood at 31.12%, while institutions and non-institutions held 50.12% and 18.76% respectively.

Strides Shasun has achieved closure for divestment of India brand business to Eris Lifesciences. In November, Strides Shasun had entered into definitive agreements with Eris Lifesciences for sale of its branded generics business to Eris for an aggregate cash consideration of Rs 500 crore.

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 semi-solids.


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