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Strides Pharma soars 12% after Co announces JV with Chinese firm

Strides Pharma Global Pte (Singapore) and Sun Moral International (Hong Kong), a wholly-owned subsidiary of Sihuan Pharmaceutical Holdings, have entered into a JV to form called Sihuan Strides.

Strides Pharma soars 11% after Co announces JV with Chinese firm
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SI Reporter New Delhi
Shares of Strides Pharma Sciences jumped as much as 12.33 per cent to Rs 396 apiece on the BSE on Tuesday, after the company said its subsidiary in Singapore has formed a joint venture (JV) with Sihuan Pharmaceutical, a Chinese pharmaceutical company. 

Strides Pharma Global Pte (Singapore) and Sun Moral International (Hong Kong), a wholly-owned subsidiary of Sihuan Pharmaceutical Holdings Group Ltd (Sihuan), have entered into a JV to form called Sihuan Strides HK Ltd where the latter will hold 49 per cent stake, according to a BSE Filing. CLICK TO READ PRESS RELEASE

"Strides will license

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First Published: Jul 30 2019 | 10:08 AM IST

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