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 NameSymbolSub-division RatioRecord DateEx-split Date
Medico Remedies Ltd.MEDICO1:516-Mar16-Mar

Refer: BSE circular

Share button