New Delhi, Sept. 21 -- Shares of Concord Biotech Limited rallied nearly 6% during Monday's trading session after the pharmaceutical major announced a crucial bonus issue update. The company's board of directors are scheduled to meet and consider the corporate action this week.

This will be the first instance that the Gujarat-headquartered pharmaceutical company will issue bonus shares to its stock holders. Here are all the details of the Concord Biotech bonus issue.

The company's board of directors is set to meet on Wednesday, September 23, 2026. The board will inter-alia "to consider the proposal for declaration of bonus equity shares to the existing equity shareholders of the Company in accordance with the applicable provisions, subje...