Torrent Pharma rallies 9% on 1:1 bonus issue plan, dividend of Rs 23/share

In Q4, the company posted net loss of Rs 118 crore against profit of Rs 324 crore in the year ago quarter

Shares of Torrent Pharmaceuticals rallied 9 per cent to Rs 2,870 on the BSE in Thursday’s trade after the board recommended 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.

Besides, the board has also declared a final dividend of Rs 23 (460 per cent) per equity share of Rs 5 each including the special dividend of Rs 15 per equity share.

At 9:30 AM, the shares were ruling 8 per cent higher at Rs 2,852 apiece as