Cipla to consider bonus; stock up 10 per cent

The board of directors of pharma major Cipla will meet on February 11 to consider a bonus issue as well as raising the FII investment limit on securities issued by the company.

The board would also consider proposals for raising capital from the domestic or international markets. The company is reportedly planning to raise up to $200 million from capital issues to fund investment plans.

Cipla is trading at Rs485.75 (up 9.75 per cent) at 10.30 AM on the NSE.