Published on 20/03/2017 11:56:06 AM | Source: Dion Global Solutions Ltd.

Poly Medicure gain on fixing record date for bonus issue

Posted in Stock On The Move | #Pharma Sector #Stock On The Move #Poly Medicure Ltd


Shares of Poly Medicure surged nearly 7 per cent on the Bombay Stock Exchange after the company fixed March 28, 2017 as record date for the 1:1 bonus issue. The stock will turn ex-bonus on March 24, 2017. “The company has fixed Tuesday the 28th day of March, 2017 as record date for the purpose of ascertaining the eligibility of shareholders who would be entitled to receive 1 (one) new bonus equity share of nominal value of Rs 5 each in lieu of 1 (one) existing equity share of nominal value of Rs 5 each,” Poly Medicure said in a regulatory filing.

Boosted by the development, shares of company gained as much as 6.93 per cent at Rs 615 apiece on the Bombay Stock Exchange. In a similar fashion, stocks of company rose 6.94 per cent to Rs 615 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 29,499.30, down 149.69 points, or 0.58 per cent at 11:46 hours.