TORRENT BOARD GIVES NOD FOR SHARE SPLIT

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.

Business Standard (http://www.business-standard.com/common/storypage.php?storyflag=y&leftnm=lmnu1&leftindx=1&lselect=1&chklogin=N&autono=208692)