3:1 Bonus Issue: Pharma Co Sets July 6 As Record Date, Shares Rally 1490% In 2-Yrs

Small cap pharmaceuticals sector company Remedium Lifecare Ltd fixed July 06, 2024 as the record date for 3:1 bonus share implying shareholders will receive 3 bonus shares for every 1 share held as on the July 6, 2024. Last trading price of Remedium Lifecare Ltd share on BSE is Rs 77.30 per share with intraday fall of 0.51%. Remedium Lifecare shares offered attractive return of 1490% in last 2-years but fell 24% in last 1-month. More details below:

Remedium Lifecare Fixes Record Date For Bonus Share: As per the regulatory filing of the company dated May 31, "In terms of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, as amended, we hereby to inform you that 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 of3:1 (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)."

Remedium Lifecare Share Performance & Return: The 52-week high price of Remedium Lifecare shares on BSE is Rs 179.66 apiece (as on 02/08/2023) and 52-week low price is Rs 66.83 apiece (as on 01/06/2023), respectively. Remedium Lifecare has a market capitalisation of Rs 779.18 crore. Remedium Lifecare share declined 23% year-to-date, fell over 8% in last 6-months, zoomed over 9% in last 1-year, and gained over 2200 in last 3-years. In last 5-years, Remedium Lifecare stock soared 12,367%.

Remedium Lifecare Latest Acquisition: As per the BSE filing of the company dated March 7, 2024, "Board of Directors of the Company at its meeting proposed to acquire a Manufacturing Facility in Hyderabad situated at Phase 2, Survey No.10, Gaddapotharam Industrial Area, Jinnaram Mandal, Medak, Sangareddy District, Hyderabad-502319, Telangana, India. having an area of 130680 square feet. The unit is well equipped to produce Intermediates for the Pharmaceutical Industry. The plan, post the successful acquisition is to set up an ultramodern Solvent Recovery Plant for third party purposes."

Remedium Lifecare Stock Split In 2024: The company's Board approved and recommended for Sub-division of Company's 1 (One) Equity Share of Face Value of Rs. 5/- each into 5 (Five) Equity Shares of Face Value of Re. 1/- each. The company fixed February 23, 2024 as the record date.

Remedium Lifecare Bonus Issue: Earlier, the company declared 9:5 bonus issue and fixed its record date as July 29, 2023.

Remedium Lifecare About: It is a leading pharmaceutical company aligned across two business verticals viz. Products and Services. Its products business comprises trading and sale of APIs and Intermediates to innovator and generic pharmaceutical players in both Domestic and International markets including the regulated markets, according to its official website.

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