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Issue Open | October 31, 2022 |
Issue Close | November 10, 2022 |
Issue Size (Shares) | 7.27 Crores |
Issue Size (Amount) | ₹399.80 Crores |
Issue Price | ₹55 per Share |
Listing At | BSE, NSE |
Suven Life Sciences Rights Issue 2022 Timetable
Last Date for credit of Rights Entitlements | October 28, 2022 |
Last Date for renunciation of Rights Entitlements | November 3, 2022 |
Issue Opening Date | October 31, 2022 |
Issue Closing Date | November 10, 2022 |
Allotment Date | November 18, 2022 |
Shares Credit Date | November 21, 2022 |
Listing Date | November 24, 2022 |
Suven Life Sciences Rights Issue 2022 price is set at ₹55 per Share. The Suven Life Sciences Rights Issue 2022 opens on October 31, 2022, and closes on November 10, 2022, for the subscription.
The allotment of Suven Life Sciences Rights Issue 2022 is expected to happen on or about November 18, 2022 as per the issue schedule.
Suven Life Sciences Rights Issue 2022 listing date is November 24, 2022.
The credit of Suven Life Sciences Rights Issue 2022 in Demat account is expected on or about November 21, 2022 as per the issue schedule.
The Company intends to utilize the Net Proceeds from the Issue towards the funding of the following objects:
1. Meeting costs related to pharmaceutical research & development and clinical trial for molecules in the research pipelines.
2. Repayment of an inter-corporate deposit availed by the Company.
3. General corporate purposes.
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