Suven Life Sciences Ltd Board to consider Right Issue of equity shares

A meeting of the Board of Directors of the Company is scheduled to be held on June 24, 2022, inter alia, to consider matters related to raising of funds through issue of equity shares of the Company on rights basis to the existing equity shareholders of the Company in accordance with provisions of Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and other matters related / incidental thereto including the constitution of a Committee of Board of Directors namely 'Rights Issue Committee' to implement the proposal of Rights Issue.

Shares of Suven Life Sciences Limited was last trading in BSE at Rs. 63.85 as compared to the previous close of Rs. 70.80. The total number of shares traded during the day was 12859 in over 639 trades.

The stock hit an intraday high of Rs. 71.10 and intraday low of 62.00. The net turnover during the day was Rs. 839758.00.

Source : Equity Bulls

Keywords

SuvenLifeSciences INE495B01038 FundRaising RightsIssue