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Corporate - Preferential Allotments


Suven Life allots preferential shares

Our Bureau

Hyderabad , Jan. 19

SUVEN Life Sciences Ltd has informed the stock exchanges that its board of directors on Monday has allotted 30 lakh equity shares of face value of Rs 2 each on preferential basis to four investors.

While Emerging Markets Management LLC was allotted 10 lakh shares, Aeneas Portfolio Company LP 8.75 lakh shares, Commonwealth Equity Fund Ltd, a sub-account of Batterymarch Financial Management Inc, 6.25 lakh shares and Mr Rambabu Chirumamilla was given 5 lakh shares.

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