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Strides Shasun gets NCLT approval for scheme of arrangement

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Capital Market

On 22 March 2018

Strides Shasun announced that the National Company Law Tribunal, Mumbai Bench vide its Order dated 09 March 2018, issue on 22 March 2018 has approved the composite scheme of arrangement involving the demerger of commodity API business of Strides and human API business of SeQent Scientific into Solara Active Pharma Sciences. The appointed date for the demerger is 01 October 2017.

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First Published: Mar 23 2018 | 11:16 AM IST

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