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Cohance Lifesciences Shares Leap After Naming Umang Vohra Executive Chairman and Group CEO

Investor confidence points to hopes for faster growth in the company’s contract drug-making business.

Overview

  • The stock, which hit a 20% upper circuit to about Rs 432 on the NSE on Monday, rose again the next session to roughly Rs 510 in early trade.
  • Cohance said Vohra will start as executive chairman on May 1 and take over as group CEO on May 20.
  • He succeeds Vivek Sharma, who is stepping down for personal reasons and will stay on as an advisor for nine months to help the handover.
  • Majority investor Advent International said Vohra brings an owner‑manager mindset and operational depth that can drive commercial scale and deeper customer ties.
  • Cohance runs a contract development and manufacturing platform focused on complex chemistry work such as antibody‑drug conjugates, oligonucleotides and advanced APIs, supported by integrated R&D centers and more than 400 scientists.