1490% return in 1 year: This stock under Rs 100 fixes record date for 3:1 bonus issue - Check details

3:1 Bonus Stock: Trading and distribution company Remedium Lifecare has informed exchanges that its board of directors has fixed the record date to determine the number of eligible shareholders for bonus equity shares in the ratio of 3:1.

Earlier this week, the company informed exchanges that its board of directors has recommended a bonus issue of 3 equity shares of Re 1 each fully paid up for every 1 equity Share of Re 1 each.

Bonus Issue Record Date

The company, with a market cap of Rs 779.18 crore, said has fixed July 6, 2024 as the record date for this corporate action. 

"Remedium Lifecare Limited has fixed the Record date as Saturday, 06th July, 2024 in order to determine the number of shareholders entitled for Bonus Equity shares in the ratio of3:1 (i.e., Three Equity Shares of Re. 1/- each fully paid up for every One Equity Share of Re. 11- each fully paid up held as on the record date decided for this purpose)," the company said in an exchange filing.

This means that the investor having one share of Remedium Lifecare will receive three free equities on each stock of the held by them as on the record date.
  
Earlier, the company had announced stok split. The company said that its board has recommended sub-division of face value of equity shares of Rs 5 each to face value of Re 1 each. The record date for this date was fixed as February 23.

Remedium Lifecare Share Price History

The shares of Remedium Lifecare has given a multibagger return of 1490 per cent in one year and a return of 2228 per cent in two years. However, the stock has dipped over 22 per cent so far this year.