India's SeQuent Scientific hits highest in 3-yrs on merger with pharma firm

Viyash Scientific

27/09/2024 07:45

** Shares of SeQuent Scientific  SEQU.NS  jump 13.5% to hit
its highest since Oct. 2021 
    ** The animal healthcare firm announced merger with pharma
co, Viyash Lifesciences 
    ** Merger will accelerate R&D operations and aid new product
development, increase customer presence - SEQU 
    ** Post merger, shareholders of Viyash will be issued 56
shares of SeQuent for every 100 shares held in Viyash
    ** Stock eyes busiest trading session since Oct. 2023,
volumes at 8.5x the 30-day avg 
    ** SEQU up 25.4% so far this week, its biggest weekly gain
since Nov. 2023 

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))