Promoter group stake diluted from 70.08 to 65.47 percent at Suven Life Sciences
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Jasti Property and Equity Holdings, promoter and trustee of Jasti Family Trust, with PACs disclosed their stake in Suven Life Sciences diluted from 70.08 percent to 65.47 percent of voting capital. No shares were bought or sold. Dilution came from the company allotting 2.72 lakh shares via ESOPs and 1.86 crore shares on preferential warrant conversion by non-promoters. Total shares rose from 26.39 crore to 28.26 crore.
Passive dilution only, no promoter selling. Promoter retains a strong 65.47 percent majority stake. Mild dilution from ESOPs and warrant conversion.