Ajanta Pharma has moved higher by 6% to Rs 1,124 after the company said it will consider a issue of free shares to its existing shareholders.
“The board of directors of the company will meet on July 29, 2013 to consider bonus issue of shares,” Ajanta Pharma said in a filing.
The board will also consider and approve, the unaudited financial results for the first quarter ended June 30, 2013, it added.
The stock opened at Rs 1,061 and hit a new high of Rs 1,125 on BSE. A combined 212,985 shares have changed hands on the counter so far on BSE and NSE.
“The board of directors of the company will meet on July 29, 2013 to consider bonus issue of shares,” Ajanta Pharma said in a filing.
The board will also consider and approve, the unaudited financial results for the first quarter ended June 30, 2013, it added.
The stock opened at Rs 1,061 and hit a new high of Rs 1,125 on BSE. A combined 212,985 shares have changed hands on the counter so far on BSE and NSE.
