Ajanta Pharma Ltd has approved the payment of second interim dividend of Rs. 7/- (350%) per equity share on the face-value of Rs. 2/- per share for the Financial Year 2016-17 and ratified Saturday, 25th March, 2017 as the Record date for payment of interim dividend. The second interim dividend shall be paid to shareholders on or after 27th March, 2017.
The Board considered and approved the amalgamation of Gabs Investments Private Limited ('Gabs') with Ajanta Pharma Limited ('APL') in consideration for Equity shares of APL. The proposed amalgamation would be carried out vide a Scheme of Amalgamation and Arrangement between Gabs Investments Private Limited and Ajanta Pharma Limited and their respective Shareholders ('the Scheme') under Sections 230-232 read with Section 52 and Section 66 of the Companies Act, 2013 and other applicable provisions of the Companies Act, 1956 / Companies Act, 2013.
Shares of AJANTA PHARMA LTD. was last trading in BSE at Rs.1793 as compared to the previous close of Rs. 1761.6. The total number of shares traded during the day was 11166 in over 951 trades.
The stock hit an intraday high of Rs. 1798.05 and intraday low of 1748. The net turnover during the day was Rs. 19872179.