Godfrey Phillips board to consider 2:1 bonus issue; stock jumps 6%

Godfrey Phillips Share Price: Godfrey Phillips' board will meet on September 20 to consider a bonus issue of shares in the ratio of 2:1. If approved, shareholders will receive two additional shares for each share they hold. The bonus shares aim to increase stock liquidity and affordability. The company's shares surged by 6% following the announcement.