Biocon fixes Record Date for Bonus Issue

Biocon Ltd has announced that the members at the Annual General Meeting of the Company held on July 18, 2008 approved the issue of Bonus Shares in the ratio of one fully paid equity share for every equity share held in the Company.Further to the same, the Board has fixed September 12, 2008 as the record date for determining the eligibility and other conditions pursuant to the aforesaid approval by the members.The stock was trading at Rs.395, up by Rs.11.80 or 3.08%. The stock hit an intraday high of Rs.398.40 and low of Rs.379.05.The total traded quantity was 35357 compared to 2 week average of 33840.