Stock split, bonus shares: This pharma company may announce two corporate actions - Check details

Dipna Pharmachem Limited has informed exchanges that its board of directors are scheduled to meet on April 26 and may consider issuing bonus equity shares to existing shareholders and initiate a sub-division of equity shares. 

"Dipna Pharmachem Limited's decision to undertake a stock split and bonus issue is a strategic move aimed at enhancing shareholder value, increasing liquidity, and signalling confidence in the company's growth prospects. These actions can potentially attract more investors, drive up demand for the stock, and ultimately contribute to long-term shareholder wealth creation," the company said in a release. 

Meanwhile, benchmark equity indices ended marginally lower on Tuesday amid profit-taking after the BSE Sensex breached the historic 75,000-mark for the first time ever in early trade and the Nifty climbed to its fresh peak.

Putting a break on its record-breaking rally, the 30-share BSE Sensex declined 58.80 points or 0.08 per cent to settle at 74,683.70. During the day, it climbed 381.78 points or 0.51 per cent to reach the all-time peak of 75,124.28.

The NSE Nifty dipped 23.55 points or 0.10 per cent to 22,642.75. During the day, it advanced 102.1 points or 0.45 per cent to hit the record peak of 22,768.40.

From the Sensex basket, Titan, Reliance Industries, Asian Paints, Tech Mahindra, IndusInd Bank, UltraTech Cement, Wipro and ITC were the major laggards.

ICICI Bank, Infosys, Bajaj Finserv, Tata Steel, Axis Bank, Bajaj Finance, Nestle and Mahindra & Mahindra were among the major gainers.