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Drug firm Strides Shasun has sought shareholders’ nod to change its name to Strides Pharma Science. This is the second time in three years that the name of the company will change. In November 2015, Strides Arcolab had changed its name to Strides Shasun post-amalgamation of Shasun Pharmaceuticals with Strides Arcolab.
“Approval of the members is sought by way of a special resolution for the proposed name change of the company from Strides Shasun to Strides Pharma Science,” Strides Shasun said in a postal ballot notice seeking approval of shareholders. “Consequent to the demerger of the company from its Commodity API business to Solara, it is proposed to change the name of the company,” it added.
Shares of the company were trading at Rs 419.75 apiece, down 0.84 per cent, from its previous close.
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