Vaishali Pharma Ltd recommends 1:1 Bonus Issue and 1:5 Stock Split; Expects to continue its Strong Growth Momentum with Innovation
Aug 29, 2024
Mumbai (Maharashtra) [India], August 29: Board of directors of Mumbai based Vaishali Pharma Ltd (NSE - VAISHALI) has recommended issue of bonus equity shares in the ratio of 1:1 (1 Bonus share equity for every 1 equity share held in the company as on the record date) in the meeting held on August 28, 2024 along with stock split, subject to necessary regulatory and shareholders' approvals. Company approved sub-division of 1 equity share of Rs. 10 face value into five equity shares of Rs. 2 face value each. The bonus issue is aimed at reward existing shareholders, enhance liquidity, and expand the shareholder base.
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