Torrent Pharmaceuticals board recommend dividends & bonus issue

Torrent Pharmaceuticals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2013, inter alia, has:1. Recommended an additional dividend of Rs. 7/- per equity share of Rs. 5/- each fully paid up further to the interim dividend of Rs. 6/- per equity share. Also commemorating four decades of its business operations, the Board has also recommended a special dividend of Rs. 10/- per equity share. Considering this total dividend for the year becomes Rs. 23/- per equity share.2. Recommended to issue bonus shares in the ratio of 1: 1 i.e. one equity bonus share for each fully paid up equity share. Consequent to the bonus issue, the total paid up share capital will be Rs. 84.62 crores from the existing Rs. 42.31 crores.Source : BSE

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