Split11 Aug 2025, 10:45 am
Welcure Drugs & Pharmaceuticals Ltd Proposes Stock Split and Bonus Issue
AI Summary
Welcure Drugs & Pharmaceuticals Ltd has announced that its Board of Directors will meet on 22/08/2025 to consider a stock split in the ratio of 1:10 and a bonus issue of up to 1:1. These proposals aim to enhance liquidity, broaden shareholding, and improve affordability for investors. The record date(s) and detailed terms will be intimated separately if the proposals are approved. The trading window for dealing in the company’s securities is closed with immediate effect.
Key Highlights
- Welcure Drugs & Pharmaceuticals Ltd proposes a stock split in the ratio of 1:10.
- The company also considers a bonus issue of up to 1:1.
- These proposals aim to enhance liquidity, broaden shareholding, and improve affordability for investors.
- The record date(s) and detailed terms will be intimated separately if the proposals are approved.
- The trading window for dealing in the company’s securities is closed with immediate effect.