Strides Pharma Science Limited to acquire 100% in Strides Pharma Services Pvt Ltd

As part of internal restructuring within the group, Board of Directors of Strides Pharma Science Limited at their meeting held today i.e., September 7, 2023, have approved acquisition of 100% shareholding in Strides Pharma Services Private Limited (SPSPL).

SPSPL is currently a wholly owned subsidiary (WOS) of Arco Lab Private Limited, a WOS of the Company. Post the said acquisition, SPSPL shall be a direct WOS of the Company.

SPSPL was set up to provide business support services for pharmaceutical and biopharmaceutical sector, within India and across the world.

Shares of Strides Pharma Science Limited was last trading in BSE at Rs. 477.10 as compared to the previous close of Rs. 458.65. The total number of shares traded during the day was 65038 in over 2806 trades.

The stock hit an intraday high of Rs. 488.85 and intraday low of 458.00. The net turnover during the day was Rs. 31208410.00.

Source : Equity Bulls

Keywords

StridesPharmaScience INE939A01011 Acquisition StridesPharmaServices