ICICI Securities: Strides Pharma Forays Into Sterile Injectables

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Strides Pharma Science Ltd. has announced plans to re-enter sterile injectable business through SteriScience which would be a dedicated arm for global sterile injectables business.Strides Pharma would own 54% equity stake in SteriScience while the remaining 46% stake would be owned by Strides promoter family office.A total of Rs 4 billion would be invested in this business over next 24 months including Rs 2.5 billion equity and Rs 1.5 billion debt.Of the equity investment, Strides Pharma would invest Rs 1.35 billion for its 54% stake and remaining amount would be invested by the family office of the promoters.We view this move as positive for the company from long term perspective as it would create a new growth driver without burdening the balance sheet..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ICICI Securities: Strides Pharma Forays Into Sterile Injectables

ICICI Securities: Strides Pharma Forays Into Sterile Injectables

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