Strides Arcolab has approved merger with Shasun Pharmaceuticals. The combination creates a vertically integrated pharma company of scale with strong presence in Front-ended Regulated Markets Finished Dosages, Emerging Markets Branded Generics, Institutional Business, Active Pharmaceutical Ingredients and Contract Research and Manufacturing Services. Shashun shareholders will receive five equity shares of Strides for every sixteen equity shares held by them in Shasun.
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