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The board of directors of Anuh Pharma on Friday approved an issue of bonus shares in the ratio of 2:1 (i.e. two equity shares of face value ₹5 each for every existing one equity hare) by way of capitalisation of free reserves. The board also approved increasing the authorised share capital of the company from ₹10 crore to ₹51 crore. Besides, the company has spent ₹9 crore on acquisition of leasehold rights, title, interests and possession in land and building measuring 7,800 square meters at Tarapur Industrial Area of MIDC. These were bought from Authentic Petroproducts LLP. The stock closed at ₹801.50 on the BSE, up 4.16 per cent over the previous day’s close.
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