Zandu Pharma board okays 1:3 bonus issue

The board of Zandu Pharmaceutical Works has, at its meeting held yesterday, recommended the issue of bonus shares in the ratio of 1:3, i.e. 1 additional share for every 3 existing equity share held by the members.

According to an official release issued by the company to the BSE today, the board also proposed final dividend of Rs 5 per share, raising the total dividend for the year as a whole to Rs 75 per shares (inclusive of Rs 70 per share of 2 interim dividends of Rs 35 each).