India's Suven Life Sciences jumps on rights issue

Suven Life Sciences

13/10/2022 07:28

** Suven Life Sciences Ltd's shares  SUVP.NS  jump as much
as 3.1% to 73 rupees, sharpest intraday gain in over a week
    ** SUVP set to snap for a second session straight
    ** The drugmaker on Wednesday approved rights issue of
shares in the ratio of 1:2  urn:newsml:reuters.com:*:nFWN31D0NB
    ** To issue 72.7 mln shares at 55 rupees each, for almost 40
bln rupees
    ** 150,000+ shares traded by 0617 GMT vs 30-day moving avg
of 350,000+ shares
    ** Up to last close, stock had fallen 20.5% YTD
 (Reporting by Yagnoseni Das in Bengaluru)
 ((yagnoseni.das@thomsonreuters.com; suvpMobile: +91
6001289066))