FDAnews Drug Daily Bulletin

TORRENT BOARD GIVES NOD FOR SHARE SPLIT

Dec. 19, 2005
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Torrent Pharmaceuticals board has approved to split the face value of equity shares of the company from Rs 10 to Rs 5. The shareholders will get 2 equity shares of for every existing equity share. The board also approved bonus shares in the ratio of 1 share for every share held on a post-split basis. As a result, the equity shareholders will get 4 equity shares of Rs 5 face value for every equity share of Rs 10 held.

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