Torrent Pharma rallies 9% on 1:1 bonus issue plan, dividend of Rs 23/share

In Q4, the company posted net loss of Rs 118 crore against profit of Rs 324 crore in the year ago quarter

Torrent Pharma

Torrent Pharma

SI Reporter Mumbai
Shares of Torrent Pharmaceuticals rallied 9 per cent to Rs 2,870 on the BSE in Thursday’s trade after the board recommended issue of bonus shares in the ratio of 1:1 i.e. one equity share for each fully paid up equity share held as on record date fixed for the purpose.

Besides, the board has also declared a final dividend of Rs 23 (460 per cent) per equity share of Rs 5 each including the special dividend of Rs 15 per equity share.

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First Published: May 26 2022 | 9:39 AM IST

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