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Strides Shasun update on Composite Scheme of Arrangement

Capital Market 

With reference to Composite Scheme of Arrangement between Strides Shasun, Scientific and Active Pharma Sciences, Strides announced that has completed the allotment of equity shares on 11 April 2018 as required under the Composite Scheme to the shareholders of the Company who are holding shares of the Company as at the Record Date i.e., 09 April 2018.

The share entitlement ratio for allotment of shares under the Composite Scheme is 1 (one) equity share of Rs. 10/- each of for every 6 (six) equity shares of Rs. 10/- held by the shareholder in Strides.

The equity shares so allotted by Solara shall be subsequently listed on the and National Stock Exchange of as provided in the Composite Scheme.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 12 2018. 11:03 IST