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SeQuent Scientific Ltd (SEQU.BO)

SEQU.BO on Bombay Stock Exchange

127.15INR
6:28am EDT
Change (% chg)

Rs-3.00 (-2.31%)
Prev Close
Rs130.15
Open
Rs131.85
Day's High
Rs131.85
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Rs126.05
Volume
5,533,047
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89,850
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Rs175.80
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Rs102.00

Latest Key Developments (Source: Significant Developments)

Sequent Scientific says co gets members' nod for divestment of Naari Pharma
Friday, 24 Mar 2017 07:03am EDT 

Sequent Scientific Ltd :Says co gets members' nod for divestment of Naari Pharma Private Limited.  Full Article

Strides Shasun approves scheme of arrangement with Sequent Scientific, SSL Pharma Sciences
Monday, 20 Mar 2017 07:15am EDT 

Strides Shasun Ltd : Says approval of composite scheme of arrangement between co, Sequent Scientific, SSL Pharma Sciences Limited . Says board approved share entitlement ratio of 1 share of SSL for every 6 shares held by them in Strides . Says API business of co, Human API business of Sequent will be demerged to SSL . Based on recommended share entitlement ratio, Strides shareholders and Sequent shareholders will hold about 60 percent and 40 percent respectively of SSL . Says capital base of new co will be about 250 million rupees . Sequent Scientific to get 1 share of SSL for every 25 shares held by them in Sequent . Appointed date for demerger will be Oct 1, 2017 .Equity shares of SSL will be listed in BSE and NSE.  Full Article

Sequent Scientific Dec qtr consol loss narrows
Friday, 10 Feb 2017 03:27am EST 

Sequent Scientific Ltd : Consol dec quarter net loss 28.7 million rupees versus loss 109.1 million rupees year ago . Consol dec quarter total income from operations 2.77 billion rupees versus 1.55 billion rupees year ago .Says Tushar Mistry appointed as CFO.  Full Article

Strides Shasun to de-merge commodity API business into new co
Friday, 3 Feb 2017 04:15am EST 

Strides Shasun Ltd : Says co to be renamed as Strides Pharma Ltd . Says "in Africa for Africa" strategy remains; exiting Africa generics manufacturing business . Says post the structuring, co to operate through its 2 divisions of regulated and emerging markets . 6 generic facilities in africa to be divested to existing management . Says exit from Probiotic business . Divestment of probiotic portfolio will not result in any capital gain or loss for co . Says probiotic business unable to achieve intended strategic objectives, milestones over last 12 months . Says seeks members' nod to de-merge commodity API business into a new listed entity . API new co to have portfolio of DMF filings to start with, will be complimented by 5 manufacturing sites . Says new co to issue shares to members' of co & Sequent Scientific based on swap ratio . Deal for API new co in principle approved by board of both cos . Says appointed date of API scheme of merger will be Oct 1, 2017 . Co does not plan to have further investment in any B2B businesses . Says co to cap total equity infusion at $22 million for significant minority stake . Remainder of capital commitment to be funded by promoters of co, GMS holdings .Says human API business of Sequent Scientific proposed to be carved out into API new co.  Full Article

SeQuent Scientific says Karizoo Group to be integrated with co effective July 1
Thursday, 30 Jun 2016 11:07pm EDT 

SeQuent Scientific Ltd : Deal with Karizoo Group Spain has achieved closure and Karizoo Group will be integrated and consolidated with co .  Full Article

SeQuent Scientific says US FDA suspended manufacturing license at Mahad unit for 15 days
Thursday, 16 Jun 2016 03:36am EDT 

SeQuent Scientific Ltd : US FDA passed order to suspend manufacturing license at Mahad unit for 15 days from July 1 . Unit continues to operate and co expects no business interruptions . Co has filed an appeal for staying and subsequent revocation of order .  Full Article

Sequent Scientific Ltd says fire at Vizag plant of unit Alivira Animal Health Ltd
Thursday, 28 Jan 2016 02:47pm EST 

Sequent Scientific Ltd:Update on vizag plant of alivira animal health limited.There was fire in process development lab of unit alvira animal health ltd.Fire was controlled with help of local fire agency and there were no injuries.No impact on production.Estimation of damage of the lab is under process; entire facility is adequately covered under insurance.Andhra pradesh pollution control board has issued a stop production order for unit until area cleaned up.  Full Article

Sequent Scientific Ltd allots shares
Wednesday, 10 Jun 2015 07:32am EDT 

Sequent Scientific Ltd:Allotted 800,000 shares at 222.15 Indian Rupees per share and 200,000 equity shares at 236 Indian Rupees per share to Chayadeep Ventures LLP, a Promoter Group Entity.1,100,000 equity shares at 475 Indian Rupees per share to Shivanand Shankar Mankekar HUF jointly with Kedar Shivanand Mankekar, a non-promoter pursuant to conversion of equivalent number of warrants.  Full Article

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BRIEF-Sequent Scientific Dec qtr consol loss narrows

* Consol dec quarter net loss 28.7 million rupees versus loss 109.1 million rupees year ago