FUND MOBILISATION

Strides Shasun raises Rs.1,1020000000 via QIP Drug firm, Strides Shasun, said it mopped up over Rs.1,102.660000000 through qualified institutional placement (QIP), which was opened on December 17 and closed on Monday. “The QIP Committee of the company, on December 21, 2015, approved closure of issue period of the QIP on December 21, 2015. Approved the issue price of Rs 1,278 per equity share,” Strides Shasun said in a filing to BSE. “The issue price is at a discount of 4.97% to the floor price of Rs.1,344.78 per equity share, in accordance with proviso to Regulation 85(1) of SEBI ICDR regulations.” — PTI