Strides Shasun launches up to $226 mn share sale: IFR

Strides is selling shares at Rs 1,278 apiece in the transaction, which comprises a base deal for Rs 100 crore with an upsize option of Rs 50 crore, IFR, a Thomson Reuters publication, said.

December 18, 2015 / 10:29 IST

26 Aug, 2025 12:21

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Indian pharmaceutical company Strides Shasun Ltd has launched a share sale to raise funds up to Rs 1500 crore (USD 225.7 million), IFR reported on Friday, citing a source close to the transaction.

Strides is selling shares at Rs 1,278 apiece in the transaction, which comprises a base deal for Rs 1000 crore with an upsize option of Rs 500 crore, IFR, a Thomson Reuters publication, said.

Axis and Jefferies are the bookrunners for the deal, it said.

first published: Dec 18, 2015 10:29 am

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