Strides Shasun launches up to $226 million share sale: IFR

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Singapore | Published: December 18, 2015 9:49:56 AM

Pharmaceutical company Strides Shasun Ltd has launched a share sale to raise funds up to 15 billion rupees ($225.7 million), IFR reported on Friday, citing a source close to the transaction.

Strides ShasunPharmaceutical company Strides Shasun Ltd has launched a share sale to raise funds up to 15 billion rupees (5.7 million), IFR reported on Friday, citing a source close to the transaction.

Pharmaceutical company Strides Shasun Ltd has launched a share sale to raise funds up to 15 billion rupees ($225.7 million), IFR reported on Friday, citing a source close to the transaction.

Strides is selling shares at 1,278 rupees apiece in the transaction, which comprises a base deal for 10 billion rupees with an upsize option of 5 billion rupees, IFR, a Thomson Reuters publication, said.

Axis and Jefferies are the bookrunners for the deal, it said.

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