This integration is backed by an equity commitment of Rs 801 crore ($95 million) from a clutch of investors, valuing the company at a pre-money equity valuation of $1.65 billion, positions OneSource for "robust growth", said Strides.
The company said share subscription agreements are being executed at a pre-money equity value of $1.65 billion
Strides Pharma is known for its presence in the pharmaceutical space. It's share price has delivered 106.94 percent returns in 2024 so far.
Additionally, as part of the transaction, Rxilient Biohub will assume the long-term lease obligation associated with the manufacturing site from Strides
Strides Pharma shareholders would receive 1 share of OneSource for every 2 shares of Strides in the swap ratio of 1:2