Sub-division of equity shares of Medico Remedies Ltd.
A stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
As per a recent circular, 1 equity share of Medico Remedies Ltd. (Scrip Code: 540937) will be subdivided into 5 equity shares. The key dates for the same are as follows:
|Company Name||Symbol||Sub-division Ratio||Record Date||Ex-split Date|
|Medico Remedies Ltd.||MEDICO||1:5||16-Mar||16-Mar|
Refer: BSE circular