Stock Split, Bonus: Dipna Pharmachem to Declare Two Corporate Actions Soon. Image Source: CanvaPro
Stock Split, Bonus: Pharmaceuticals company Dipna Pharmachem will soon announce two corporate actions. The company has informed about the same through an exchange filing today. According to a statement by the company, the board of directors will meet on April 26 to consider and approve the proposal for the issuance of bonus shares and sub-division of equities.
“A meeting of the Board of Directors of the Company will be held on Friday, 26th April, 2024…,” it said in a filing dated April 8.
“The proposal of issue of Bonus equity shares to the existing equity shareholders of the Company,” it said. “The proposal of sub-division of equity shares of the company,” the filing added.
Meanwhile, the pharma stock jumped 5 per cent to trade at Rs 10 post announcement of bonus and split. Gujarat-based Dipna Pharmachem is into trading and distribution of various pharmaceutical raw materials, also called active pharmaceutical ingredients (APIs), excipient and chemical formulation products.
The company had launched its IPO in August 2022. Its shares are listed on the BSE SME platform.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Today Technology Market ResearchDigital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
