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( As on 25/08/2025 16:25)

Welcure Drugs & Pharmaceuticals board approves bonus and stock split

Welcure Drugs & Pharmaceuticals on Monday said its board has approved proposals for a bonus issue of shares and stock split to enhance liquidity and broaden shareholding.

The company also proposes to raise up to Rs 80 crore by way of qualified institutional placement (QIP) in one or more tranches to fund expansion plans, the drug firm said in a statement.

“The board has considered and approved the issue of bonus shares in the ratio of 1:10 – one bonus equity share of Rs 10 each for every 10 equity shares of Rs 10 each – to the eligible equity shareholders," it said.