Monsanto India has surged more than 4% to Rs 1,950 after announcing a bonus issue in the ratio of 1:1.
“The board of directors of the company at its meeting held on August 13, 2011, have recommended issue of bonus shares in the ratio of One bonus share of Rs 10 each for every existing One fully paid-up equity share of Rs 10 each held by the members as on the Book Closure Dates, as may be fixed for the purpose," the company said in a filing to the stock exchanges.
A combined 5,000 shares have changed hands on the counter in opening deals.
