Suven Pharmaceuticals to place 4 lakh equity shares with Norwegian firm
Suven Pharmaceuticals Ltd is to place four lakh equity shares at Rs 250 per share with Borregaard Industries Ltd of Norway. The board of SPL has approved it and a shareholders meeting has been conveyed on Feb 6, 2001 for their consent, a co release said.

Le Meridien promoters divest 39.67% stake
Promoters of Le Meridien Hotels and Resorts at Pune, Bramha Bazaz Hotels Ltd, have divested 39.67% stake in favour of Mac Charles India Ltd. MCIL, promoted by an NRI, CB Pardhanani, will be investing Rs 19.20 crore to acquire the divested stake.

Sun Pharmaceuticals redeems preference capital of Rs 17 cr
Sun Pharmaceuticals Industries Ltd has redeemed its preference capital of Rs 17 crore, which accounts for one-third of the total preference capital of the co. Moreover, the co has also repaid Rs 7.5 crore loan of Gujarat Lyka Overseas Ltd which was formally merged with Sun Pharma.


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