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Suven Life Sciences: stock zooms 12.76% on plans to raise funds

21 Jun 2022 , 10:03 AM

Suven Life Sciences’ stock rose 12.76% in early trading on June 21 after the business announced that its board of directors will consider raising funds by issuing shares on a rights basis to current investors on June 24 or Friday.

From June 21 to June 26, the trading window for dealing in the company’s securities will be closed to directors, promoters, other designated persons, and immediate relatives of designated persons.

On 8 October 2021 and 20 June 2022, the stock reached a 52-week high of Rs124.40 and a 52-week low of Rs62.00, respectively.

Suven Life Sciences was trading at Rs71.60 on the BSE at 10:02 am, up by Rs8.10 or 5.40%.

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