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Strides to invest in Grandix Pharmaceuticals

BANGALORE: The promoters of Strides Arcolab, Bangalore, have increased their stake in the company. At an EGM held here, the shareholders approved the issue of up to 56 lakh warrants, convertible into an equivalent number of equity shares, to the promoter group. The price will be according to SEBI guidelines, a release said. The EGM also approved investment up to Rs. 100 crore in the share capital of Grandix Pharmaceuitcals.

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