Sun Pharma - Board recommend Dividend & Bonus Issue
Sun Pharmaceutical Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28, 2013, inter alia, has recommended payment of dividend of Rs. 5 (Rupees Five) per equity share of Re. 1/- each of the Company (pre bonus as recommended as below) for the year ended March 31, 2013 subject to the approval of the members at the ensuing Annual General Meeting of the Company.
Further the Company has informed that, the Board decided to recommend the issue of Bonus Equity shares of Re. 1 each subject to the receipt of approval of the equity shareholders of the Company, to the equity shareholders of the Company in the ratio of 1 (One) equity share for every 1 (One) No. of equity shares held by the equity shareholders in the Company, as on the record date to be fixed by the Board after receiving approval from the shareholders for issue of such bonus shares.