GMS Holding, through its subsidiary GMS Pharma (Singapore) Pte Ltd, has made a first tranche investment of USD 8.49 million in Stelis Biopharma Pvt Ltd, a subsidiary of the company, Strides Shasun said in a BSE filing.
In September 2014, Strides had said in a regulatory filing about entering into an agreement with GMS Holdings whereby GMS would invest USD 21.90 million for 25.1 per cent stake in Stelis Biopharma.
Shares of Strides Shasun today closed 1.23 per cent down at Rs 936 apiece on BSE.
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