Monsanto India is trading 3% higher at Rs 1,935, extending its Wednesday 16% rally after the company announced bonus issue plans.
“The board of directors of the company will meet on Friday, August 13 to consider and announce recommendation of issue of bonus shares and consequent increase of authorized share capital and alteration of capital clauses in the Memorandum and Articles of Association of the company for approval of the members," the company engaged in agrochemicals business said in a filing to the stock exchanges.
The stock hit high of Rs 1,943 after opening at Rs 1,890 on the NSE. Around 16,439 shares have changed hands on both the exchanges till 1006 hours.
