Suven Pharmaceuticals Ltd Board recommends 1:1 Bounus Issue

The Board of Directors of Suven Pharmaceuticals Ltd has considered, approved and recommended issue of (1:1) one Bonus Share for every one equity share held by the equity shareholders of the Company. The bonus issue of equity shares is subject to the approval of the shareholders in the ensuing annual general meeting and any other applicable statutory and regulatory approvals, as may be required.

The Bonus shares once allotted shall rank pari-passu in all respects and carry the same rights of the existing Equity Shares and shall be entitled to participate in full in any dividend and other corporate action, recommended and declared, if any, after the issue and allotment of such Bonus Shares.

Shares of Suven Pharmaceuticals Ltd. was last trading in BSE at Rs. 697.25 as compared to the previous close of Rs. 694.50. The total number of shares traded during the day was 74180 and the deliverable quantity was 27395 shares.

The stock hit an intraday high of Rs. 724.50 and intraday low of Rs. 685.45.

Source : Equity Bulls

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