Bonus shares: Remedium Lifecare fixes record date - Check Details
Based out of Hyderabad, the pharma company had earlier announced to issue bonus shares in the ratio of 3:1 (three for one).
![Bonus shares: Remedium Lifecare fixes record date - Check Details](https://cdn.zeebiz.com/sites/default/files/2024/07/05/303435-stocktobuybest1.jpg?im=FitAndFill=(1200,900))
Bonus Shares: Remedium Lifecare has informed exchanges that its board of directors has fixed a record date for issuing bonus shares.
The company said that the board has fixed July 6, 2024 as the record date for finalising the eligible shareholders for issuance of bonus shares.
Bonus Shares Ex-Date
"Remedium Lifecare Limited ("the Company") 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 of 3:1 (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 earlier.
Bonus Shares Ratio
Based out of Hyderabad, the pharma company had earlier announced to issue bonus shares in the ratio of 3:1 (three for one).
This means, that investors having one equity share of Remedium Life Care Limited will get three equity shares as a bonus.
Earlier, the company informed exchanges that its board will meet on July 8 to evaluate and approve the proposal to raise funds of up to Rs 200 crore. The company said that it will consider raising the funds by way of issuance of equity shares, convertible securities, or other eligible instruments to Qualified Institutional Buyers (QIBs).
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02:25 PM IST