Strides Shasun Launches up to Rs 1,500 crore Share Sale : Report

Singapore: Indian pharmaceutical company Strides Shasun limited has launched a share sale to raise funds up to Rs1,500 crore, IFR reported on Friday, citing a source close to the transaction.

Strides is selling shares at Rs 1,278 apiece in the transaction, which comprises a base deal for Rs 1,000 crore with an upsize option of Rs 500 crore, IFR, a Thomson Reuters publication, said.

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