Suven Life Sciences allots shares under ESOP
Submitted by Nalin Grover on Fri, 02/08/2008 - 17:28
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Hyderabad based Suven Life Sciences Ltd has reported that the Board of Directors of the company has allotted 78, 540 equity shares under stock option plan.
Following the above allotment, the paid up share capital of the company has raised to 115710200 equity shares of Rs 1/- each against 115631660 equity shares earlier.
The stock of the company was trading at Rs 34, down by 3.6% on the National Stock Exchange.
Company’s net profit has gone down to Rs 2 crore for the quarter ended December 2007 compared to Rs 3 crore for the corresponding period in the precious financial year.