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Sun Pharma In The News

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Sun Pharma stock split date frozen

DRUG-MAKER Sun Pharmaceutical on Monday said it has fixed November 26 as the record date for its proposed stock split, under which shareholders will get five shares for every one share held by them presently. The firm has fixed November 26, 2010, as the record date for ascertaining the sharehold'ers that would be entitled to receive five equity shares with a nominal face value of Rs 1 each for every equity of Rs 5 face value held by them, Sun Pharma said. The company has already received approval from shareholders for split'ting every equity share of Rs5 face value into five shares of ?1 face value, translating into a stock split ratio of 1:5.