Suven Life Board approves stock split & bonus issue

Suven Life Sciences Ltd has announced that the Board of Directors of the Company at its meeting held on January 29, 2007, inter alia, has considered and approved the following:

1. Approved the sub-division of equity shares from Face Value of Rs 2/- each to Face Value of Rs 1/- each subject to approval of members in general meeting and other approvals, if any.

2. Approved issue of Bonus equity share in the ratio of (1:1) One equity shares for every One equity share held by the members of the Company, subject to approval of members in general meeting and other approval, if any.

The Extra-Ordinary General Meeting of the Company will be held on March 10, 2007 for approval of sub-division of equity shares and issue of bonus shares to the members as on the Record Date to be announced by the Board.

Source : Equity Bulls

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