Case Solution & Analysis for Strides Arcolab Limited’s Dividend Pay-Out Decision by Tulsi Jayakumar, Indu Niranjan.
Complete Case details are given below :
Case Name : Strides Arcolab Limited’s Dividend Pay-Out Decision
Authors : Tulsi Jayakumar, Indu Niranjan
Source : Ivey Publishing
Case ID : 9B15N011 / W15317
Discipline : Finance
Case Length : 15 pages
Plagiarism : NO (100% Original work)
Description for case is given below :
Arun Kumar, founder and group chief executive officer of Strides Arcolab Limited – a first generation, Indian pharmaceutical company headquartered in Bengaluru – is preparing for a crucial meeting of the Board of Directors. The meeting was called to discuss the proposed dividend payout to the company’s shareholders following the completion of a US$1.725 billion sale of its specialty division – Agila Specialties – to the U.S.-based pharmaceutical company Mylan Inc. Kumar proposed that Strides distribute all the free cash available from the sale – after the retirement of debt and internal payouts – in the form of dividends to its shareholders. Strides had already communicated its decision to retire debts and reduce its leverage.
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