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By Malvika Gurung
Investing.com — Shares of the biopharmaceutical firm Suven Life Sciences (NS:) rallied 13.5% to Rs 72.05 apiece on the time of writing, hovering to over 14% in early commerce on Tuesday, after the corporate introduced that its board will think about fundraising on Friday, June 24.
The small-cap firm introduced that its board of administrators will think about elevating funds by issuing fairness shares to current shareholders of the corporate on a rights foundation, in a board assembly scheduled on June 24.
The buying and selling window for dealing within the firm’s securities will stay closed from June 21 to 26 for administrators, promoters, different designated individuals, and speedy family of designated individuals, learn Suven Life Sciences’ observe.
The biopharmaceutical firm reported a internet lack of Rs 20.8 crore within the quarter ending March 2022, in comparison with a internet lack of Rs 21.6 crore in the identical interval final monetary 12 months. Its internet gross sales rallied a whopping 170.5% YoY in This fall FY22 to Rs 4.22 crore.
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