first real merger in india where promoters of both the companies will be promoters of merged company and also both will be classified as promoters in all legal documents including shareholding pattern though Strides is three times bigger as compabnred t oShasun

On 29^th September, 2014 Board of Directors of Strides Arcolab Limited (‘Strides’) and Shasun Pharmaceuticals Limited (‘Shasun’) announced that both companies have approved Scheme of Amalgamation between the two companies