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Suven Life Sciences surges on getting nod to form wholly owned subsidiary in US

11 Mar 2019 Evaluate

Suven Life Sciences is currently trading at Rs. 269.70, up by 4.60 points or 1.74% from its previous closing of Rs. 265.10 on the BSE.

The scrip opened at Rs. 267.00 and has touched a high and low of Rs. 270.50 and Rs. 267.00 respectively. So far 5168 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 337.70 on 11-Sep-2018 and a 52 week low of Rs. 163.30 on 23-Mar-2018.

Last one week high and low of the scrip stood at Rs. 275.00 and Rs. 245.90 respectively. The current market cap of the company is Rs. 3374.26 crore.

The promoters holding in the company stood at 60.00%, while Institutions and Non-Institutions held 8.48% and 31.52% respectively.

Suven Life Sciences has received approval to form Wholly Owned Subsidiary (WOS) Company -- Suven Pharma, Inc. a Delaware Company in US under CRAMS Division. The Board of Directors of the Company at its meeting held on March 09, 2019 has approved the same.

The board also approved investment of $75 million in the said WOS for new business opportunities and acquisitions etc.

Suven Life Science is a biopharmaceutical company focused on discovering, developing and commercializing novel pharmaceutical products, which are first in class or best in class CNS therapies using GPCR targets.

Suven Life Sciences Share Price

195.90 -0.10 (-0.05%)
17-Apr-2026 16:59 View Price Chart
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