Indoco Rem board approves sub-division & bonus shares-news29032012

Indoco Remedies said that the boards of directors of the company at its meeting held on today have taken the following decisions:

Sub-division of equity shares of Rs10 each to Rs2 each.

Issue of Bonus shares in the ratio of 1 bonus equity share for every 2 existing equity shares held in the Company. Dispatch of bonus shares would be completed on or before May 27, 2012.


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