Bonus Share: This pharma company approves 3:1 bonus shares
With this, the authorized share capital of the company has increased from Rs 30 crore to Rs 42 crore.
Remedium Lifecare Limited has informed exchanges that the 35th AGM of the company was during which three bonus shares in the ratio of 3:1 were approved for the investors of the company.
This means, that investors having one equity share of Remedium Life Care Limited will get three equity shares as a bonus.
With this, the authorized share capital of the company has increased from Rs 30 crore to Rs 42 crore.
Earlier, the Remedium Lifecare board also set a record date for June 19 2024 is the record date.
"Approved Issue of Bonus shares of the Company in the Proportion of 3:1 i.e 3 (Three) Equity Shares of face value Re. 1/- each for every 1 (One) equity share off face value of Re. 1 each," the company said.
Earlier, the company informed the exchanges that it had received a multi-year supply contract from Aster Biotech, a pharmaceutical distribution company based in the United Kingdom.
The contract involves the supply of various active pharmaceutical ingredients (APIs), intermediates, and speciality chemicals. The supplies scheduled between July 2024 and June 2025 alone are valued at Rs 175 crore.
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