Suven Life Sciences Ltd has informed BSE that w.e.f. December 31, 2011, Suven Nishtaa Pharma Pvt. Ltd. has become a wholly owned subsidiary company of Suven Life Sciences Limited. Further the Company has informed that the Board of Directors of the Company at its meeting held on January 31, 2012, inter alia, has given its consent for the amalgamation of the said wholly owned subsidiary - Suven Nishtaa Pharma Private Limited with the holding Company - Suven Life Sciences Limited, subject to the approval of the scheme by the Honble High Court of Andhra Pradesh. Consequent to the above, there will be no issue of shares pursuant to the merger, since the Company which is being proposed to be merged with the holding Company is a wholly owned subsidiary.