27/7/2024, 5:50:03 pm

Dr Reddy’s Laboratories board announces 1:5 stock split

Dr. Reddy's Laboratories has announced a 1:5 stock split, dividing each Rs 5 face value share into 5 shares with a face value of Re 1. The record date for the split has not been set. The move will increase the number of American Depositary Shares (ADSs) held by each American Depositary Receipt holder. The company's Q1 profit after tax fell 0.8% to Rs 1,392 crore.