Dividend Stock: Apart from releasing the results of the third quarter of FY 2024-25, companies are also giving dividends according to their capacity to their shareholders. In this connection, well-known pharma company Torrent Pharma has also announced dividend for its shareholders. Torrent Group’s Pharma Company, Torrent Pharma will give a dividend of Rs 26 to its investors on each stock. Torrent Pharma has shared details about dividend in an exchange filing, let’s know.
Dividend money will be transferred to shareholders’ bank account on February 17
Torrent Pharma said in an exchange filing of January 24 that the company’s board has approved a dividend of Rs 26 (520 percent) on each stock with a face value of Rs 5 to the shareholders. Let us tell you that this will be an interim dividend given by the company to shareholders. Torrent Pharma told the stock market exchanges that the dividend money will be transferred to the shareholders’ bank account on or around. The company has fixed a record date on Friday, January 31, for the payment of this interim dividend. The shares of Torrent Pharma will trade on X-Dividend on 31 January.
Torrent Pharma shares big despite the market fall
Let us tell you that today there is a big decline in the Indian stock market. Despite this, the shares of Torrent Pharma are witnessing a great lead today. By 10.41 am on Monday, the company’s shares were trading at a price of Rs 3330.00 with a bumper gain of Rs 82.25 (2.53%). However, shares started trading today with a decline. By the time the news was written, the company’s shares had reached the Intrade high of Rs 3360.50 from Rs 3360.50.
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