iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Torrent Pharma climbs over 7% as board recommends bonus issue of 1:1

26 May 2022 , 11:03 AM

Torrent Pharmaceuticals Limited’s counter was trading nearly 7% higher in today’s trade as the company announced a bonus issue in the ratio of 1:1.

In the same meeting, the company has recommended a dividend of Rs23 per equity share of Rs5 each.

The company stated that the board has recommended an 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. Post this bonus issue, the total paid-up share capital of the company will be Rs169.22 crore from the existing Rs84.62 crore.

However, the issue is subject to the approval of shareholders through a postal ballot. The bonus shares once allotted shall rank pari-passu in all respects and cany the same rights of the existing Equity Shares and shall be entitled to participate in full in any dividend and other corporate action, recommended and declared after the issue and allotment of such Bonus Share.

Torrent Pharma is currently trading at Rs2,831.25 up by Rs196.7 or 7.47% from its previous closing of Rs2,634.55 on the BSE. The scrip opened at Rs2,750 and has touched intraday high and low of Rs2,869.60 and Rs2,750 respectively.

Related Tags

  • Torrent Pharma Bonus
  • Torrent Pharma News
  • Torrent Pharma Stock Performance
  • Torrent Pharma Updates
  • TorrentPharmaShare
  • TorrentPharmaShareCapital
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.