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COHANCENSECohance Lifesciences Limited· Pharmaceuticals & BiotechnologyHighNeutral
Announced Mon, 12 May, 2025 · 11:02 IST

Jusmiral Holdings Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.

Listed Co AcquisitionStrategic Transactions View source PDFExplain this filing

COHANCE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
-1.1%Reaction day
₹1076.90
prior close
₹1077.50
announcement price
In-mkt
timing
Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+4.0%-5.1% vs market
Pharmaceuticals peers, median of 148sector+2.8%-4.0% vs sector

On the reaction day the stock moved 5.1 pts less than Nifty Smallcap 250 and 4.0 pts less than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark
Stock
5m
-0.2
10m
+0.6
15m
+0.6
30m
+0.1
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
-1.1+4.0-5.1+2.8-4.0
Next day
+0.5+4.9-4.4+4.2-3.7
2d
+0.0+6.4-6.3+5.3-5.3
3d
-1.8+7.2-9.0+5.7-7.5
4d
+0.1+8.8-8.7+6.3-6.2
5d
-1.1+9.5-10.6+7.2-8.3
1w
-0.2+9.0-9.2+6.4-6.6
15d
-4.8+12.4-17.2+7.6-12.4
1m
-5.9+14.6-20.5+8.8-14.8
2m
-5.1+18.1-23.1+11.2-16.3
3m
-11.8+10.2-22.0+6.0-17.7
UpDownMarket · Nifty Smallcap 250Sector · Pharmaceuticals peers, median of 148Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Jusmiral Holdings Limited, a promoter of the transferor company in the recently approved amalgamation, has disclosed acquisition of shares in the listed entity Cohance Lifesciences (formerly Suven Pharmaceuticals, scrip code 543064) under SEBI's Takeover Regulations. The transaction stems from the Scheme of Amalgamation approved by the NCLT Mumbai Bench on March 27, 2025, under which Suven Pharmaceuticals (the listed transferee company) absorbed the transferor entity. Under the scheme, 11 equity shares of Re.1 each were allotted in Cohance for every 295 shares of Rs.10 each held in the transferor company. Consequently, Jusmiral Holdings was allotted 12,65,38,578 equity shares, representing 33.08% of the post-allotment share capital, making it part of the promoter group. Existing promoter Berhyanda Limited's stake moved from 50.10% to 33.34%, with the total promoter group now holding 66.41%. The listed entity has also been renamed from Suven Pharmaceuticals to Cohance Lifesciences effective May 7, 2025.

Likely market impact

This is a post-merger regulatory filing confirming share allotment to the transferor company's promoters following the successful NCLT-approved amalgamation. No open offer is triggered as the acquisition is exempt under Regulation 10(1)(d)(ii) due to the court-approved scheme. Existing promoter Berhyanda's stake has been diluted, but the combined promoter group has expanded, strengthening overall promoter control of the listed entity.