Mumbai, Oct 21: The board of Indian drugmaker Sun Pharmaceuticals will consider a buyback and sub-division of shares on October 28, the Bombay Stock Exchange (BSE) said on Monday. The board will discuss a proposal to divide each share of the company into two shares, the exchange said.

Following the announcement, the company's shares rose 4.20 per cent to Rs 565 at the BSE, whose main index was down 0.4 per cent. Bureau Report