Suven has been 50% owned by Advent since 2022 acquisition, with the remaining with public and institutional shareholders while Cohance is wholly owned by the PE group. Now post merger, Advent will own 66.7% in the combined entity and the public shareholders the rest.
The company s board has approved raising of Rs 350 crore by way of issuance of equity shares, convertible preference shares, and/ or debentures/ non-convertible debt instruments.
Lunolux Ltd, a firm owned by Advent, sold 1,93,47,924 shares of Eureka Forbes at Rs 506.06 apiece, block deals data on the BSE showed. The sale was at a marginal discount to the previous closing price of the stock.
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