HSBC Global Investment Funds Mauritius has reportedly offloaded 5.92 lakh shares of Strides Arcolab through the open market route. The shares were sold on an average price of Rs 400 valuing the transaction to Rs 23.71 crore.
On the other hand, Route One Fund ILP has bought 4.50 lakh shares in the company for an average price of Rs 400, through open market route valuing the transaction at Rs 18 crore.
Strides Arcolab is a global pharmaceutical company headquartered in Bangalore, India that develops and manufactures wide range of IP-lead niche pharmaceutical products with an emphasis on sterile injectables.
On the other hand, Route One Fund ILP has bought 4.50 lakh shares in the company for an average price of Rs 400, through open market route valuing the transaction at Rs 18 crore.
Strides Arcolab is a global pharmaceutical company headquartered in Bangalore, India that develops and manufactures wide range of IP-lead niche pharmaceutical products with an emphasis on sterile injectables.
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