Strides Arcolab Limited Board approves acquisition of 100% in Grandix Pharmaceuticals Limited

The Board of Directors of Strides Arcolab Limited has given their in-principle approval to acquire the entire shareholding of Grandix Pharmaceuticals Limited (Grandix), Chennai from the existing shareholders of Grandix. The transaction is subject to requisite corporate, statutory and regulatory approvals, as may be required.

The stock was trading up Rs.6.50 or 1.86% at Rs.356.70. The stock hit an intraday high of Rs.356.90 and low of Rs.343. The total traded quantity was 68888 shares at an average price of Rs.351.68 resulting in a turnover of Rs.242.27 Lakhs.

Source : Equity Bulls

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