Torrent Pharma extends gains on 1:1 bonus issue
Shares of Torrent Pharma extended gains on Monday and were up 7% at Rs 845 after the company last week said that its board has proposed 1:1 bonus issue.
The board of directors has proposed issue of bonus shares in the ratio one equity bonus share for each fully paid up equity share, the company said in a release.
The board has recommended a dividend of Rs 7 per share and an additional Rs 10 per share for commemorating four decades of its business operations, the release said.
Over 300,000 shares were traded on both the stock exchanges so far.