Suven Life to split stock, issue 1:1 bonus

The board of directors of Suven Life Sciences, which met today, approved issue of bonus shares in the ratio of 1:1 i.e one bonus share for every share held.

According to a release issued to the BSE today, the board meeting also approved a proposal for sub-division of equity shares with a face value of Rs 2 each to Re 1 each.

An EGM will be held on March 10, 2007 for approval of the sub-division of equity shares and issue of bonus shares, the release added.