Medico Remedies Ltd board approves stock split

The Board of directors of Medico Remedies Ltd have considered the proposal for sub-division of 1 equity share of the Company having face value of Rs. 10/- each into 5 (Five) equity shares having face value of Rs. 2/- each, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the Company.

Further, the Board recommended consequential amendments in the Capital Clause of the Memorandum of Association of the Company, subject to approval of the Shareholders of the Company. The record date for the sub-division of equity shares shall be decided by the Board and will be intimated to the exchanges.

Shares of Medico Remedies Ltd was last trading in BSE at Rs. 312.15 as compared to the previous close of Rs. 317.00. The total number of shares traded during the day was 1276 in over 27 trades.

The stock hit an intraday high of Rs. 314.95 and intraday low of 309.00. The net turnover during the day was Rs. 398449.00.

Source : Equity Bulls

Keywords

MedicoRemedies INE630Y01016 StockSplit SubDivision 5For1