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Suven Life Sciences has approved conversion of 3.17 cr fully paid warrants and issued and allotted 3.17 cr Equity Shares of Rs.1/- each to the following Promoter group entity at an issue price of Rs. 134/- per share on preferential basis in accordance with SEBI Regulations, 2018.
Further Company informed that it has received from the above said allottee 100% consideration amount aggregating to Rs. 425,70,14,376/- in compliance with SEBI (ICDR) Regulations, 2018.
At 12.22 pm, Suven Life Sciences was trading at Rs. 139.40, up by 2.31%, with a volume of 9019 shares on the BSE.
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