Biopharmaceutical Major Biocon's Shareholders Approve Issue of Bonus Shares

Shital Jibhe / 08 Jun 2017

Biopharmaceutical Major Biocon's Shareholders Approve Issue of Bonus Shares

The board of directors have fixed Saturday, June 17, 2017 has been set as the record date to determine the eligible shareholders entitles to the bonus equity share, the company said in its BSE filing.

Biocon, an Indian biopharmaceutical major, company announced that the shareholders have approved the issue of bonus share.

The board of directors have fixed Saturday, June 17, 2017 has been set as the record date to determine the eligible shareholders entitles to the bonus equity share, the company said in its BSE filing.

The company’s shareholders have approved the issue of bonus shares by way of capitalisation of reserves, Biocon further said.

The stock of the company on the BSE is Trading at Rs 1005 per share, the stock of the company was trading higher by Rs 7.30 per share or 0.7%and is among the top contributors to the BSE Healthcare index. The index is up by 0.3%, trading at 14002 at 0945 hours.

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