Dr. Reddy’s Shareholders Approve Stock Split

Dr Reddy’s Laboratories (RDY) has released an update.

Dr. Reddy’s Laboratories Ltd. has announced that its shareholders approved the subdivision of its equity shares through a postal ballot, with the results demonstrating a favorable outcome from the voting process. Each equity share with a face value of Rs. 5 will be split into five shares with a face value of Re. 1, also requiring an alteration to the company’s Memorandum of Association. The detailed voting report has been made publicly accessible on the company’s website.

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