Dr. Reddy’s Laboratories Limited has announced that Monday, October 28, 2024, will be the record date for the subdivision or split of its equity shares. Each fully paid-up equity share of Rs. 5 will be subdivided into 5 equity shares of Re. 1 each, as approved by shareholders via postal ballot on September 12, 2024.
The decision to split the shares is aimed at increasing liquidity and making the shares more accessible to a broader range of investors. The record date will determine the entitlement of equity shareholders to the split shares.
This stock split applies to shares listed on the National Stock Exchange of India (NSE), BSE, New York Stock Exchange (NYSE), and NSE IFSC.