Dr Reddy’s Laboratories (RDY) has released an update.
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Dr. Reddy’s Laboratories Ltd. has announced that October 28, 2024, will be the record date for shareholders to be eligible for the subdivision or split of the company’s equity shares. Each existing equity share with a face value of Rs. 5 will be split into five new equity shares with a face value of Re. 1, as per the decision passed by company members through a Postal Ballot. The move is aimed at making the shares more accessible and increasing liquidity in the stock market.
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