Torrent Pharmaceuticals to split stock two for one, issue bonus shares

New York, Dec. 15 - Torrent Pharmaceuticals Ltd. said its directors have approved a two-for-one split of the company's stock.

In addition, shareholders will receive bonus shares at the rate of one extra share for each post-split share for a total of four shares per current share.

The decisions - which are subject to shareholder approval at a meeting on Jan. 22 - were taken at a board meeting Thursday.

Torrent is an Ahmedabad, India, pharmaceutical company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.