Shasun Pharma, Strides Arcolab gain on CCI nod for merger

Strides Arcolab has rallied 5.5% to Rs 1,115, while Shasun Pharma up 4% at Rs 358 on the National Stock Exchange.

Shares of Shasun Pharmaceuticals and Strides Arcolab have rallied by up to 5% on the bourses after the Competition Commission of India (CCI) has given its approval to the proposed merger of these companies.CLICK HERE TO READ FULL REPORT.

Shasun Pharmaceuticals was up 4% to Rs 358 on the National Stock Exchange (NSE). The stock hit a record high of Rs 392 in intra-day trade. The trading volumes on the counter have been more than three-fold with a combined 1.99 million shares changed hands till 1056 hours on the NSE and BSE.

Strides Arcolab gained 5.5% to Rs 1,115 on the NSE.