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Strand Life Sciences 80 percent stake acquired by Reliance arm
Mumbai: Reliance Strategic Business Ventures Ltd (RSBVL) said on Friday it has acquired 2.28 crore equity shares of Rs 10 each of Strand Life Sciences Pvt Ltd for a cash consideration of Rs 393 crore.A further investment of up to Rs 160 crore is expected to be completed by March, 2023. The total investment will translate into 80.3 per cent of equity share capital in Strand on a fully...
Mumbai: Reliance Strategic Business Ventures Ltd (RSBVL) said on Friday it has acquired 2.28 crore equity shares of Rs 10 each of Strand Life Sciences Pvt Ltd for a cash consideration of Rs 393 crore.
Ruchika Sharma joined Medical Dialogue as an Desk Editor for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751