The promoters holding in the company stood at 27.36% while Institutions and Non-Institutions held 58.54% and 14.11% respectively.
Strides Arcolab has declared a special dividend of Rs 500 per share in the wake of the $1.75-billion sale of its Agila Specialities Division to Mylan Inc of the US. The company returned 88% of the free cash available with it to the shareholders by way of special dividend.
Initially, the company had planned to distribute $700 million-$800 million pre-tax to the shareholders. But the board approved the special dividend of Rs 500 for a share, which would result in a pre-tax distribution of about $525 million.
Strides Arcolab has declared a special dividend of Rs 500 per share in the wake of the $1.75-billion sale of its Agila Specialities Division to Mylan Inc of the US. The company returned 88% of the free cash available with it to the shareholders by way of special dividend.
Initially, the company had planned to distribute $700 million-$800 million pre-tax to the shareholders. But the board approved the special dividend of Rs 500 for a share, which would result in a pre-tax distribution of about $525 million.
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