Cohance Lifesciences Ltd.COHANCEDeterioratingCriticalmateriality 98 out of 100
'Update on merger'
Distressinsolvency
As filed
Suven Pharmaceuticals Limited has informed the Exchange regarding 'Update on merger'.
Why it matters
CapitSignal interpretationOnce an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.