Remedium Lifecare Ltd announces bonus share for investors
In a major development, Remedium Lifecare Ltd, a BSE-listed company, has announced a bonus share for its investors. The company has given a whopping 2800% return on its shares in the last seven months. The share price, which was at a 52-week low of Rs. 136.15, reached a high of Rs. 3949 on Friday. The company’s board members have decided to give bonus equity shares in a ratio of 9:5. The record date for this has been fixed as July 29.
What did the company say?
In a statement to the BSE, the company said, “Remedium Lifecare Ltd has set the record date as Saturday, July 29, 2023, as per Regulation 42 (Listing Obligations and Disclosure Requirements), 2015, as amended. The company has approved the bonus equity shares in a ratio of 9:5. This means that for every five shares held by investors, the company will issue nine bonus shares.”
Remedium Lifecare Ltd’s journey
The share price of Remedium Lifecare Ltd has risen by more than 2800% in just seven months, compared to its price on December 1, 2022. The company’s share price reached a new all-time high on June 23, 2023, surpassing its previous high after the Sensex achieved an all-time high on December 1, 2022.
Recent developments
Recently, the BSE-listed company entered the application programming interface (API) development space to bring integration and diversity in the pharma and healthcare sector. It has also acquired manufacturing facilities in Hyderabad to cater to both the product and service sectors.
Conclusion
Remedium Lifecare Ltd has been performing exceptionally well in the stock market, and its recent announcement of bonus shares is a testament to its growth. With its foray into API development and acquisition of manufacturing facilities, the company is poised for further growth in the future.
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