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Article: Ranbaxy Laboratories adopts the depository system for its shares.
- Article from:
- Business Wire
- Article date:
- February 18, 1997
CopyrightCOPYRIGHT 1997 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW DELHI, India--(BUSINESS WIRE)--February 18, 1997--Ranbaxy Laboratories, Ltd. (GDR:RBXD-London) today announced that an agreement had been executed between the Company, National Securities Depository Limited (NSDL) and Karvy Consultants Ltd. (Karvy) whereby shareholders of the Company would have the facility to dematerialize their shares, bringing them into the "Depository System" with immediate effect. Karvy will act as the interface between the Company its shareholders and NSDL. Ranbaxy will continue to manage transfers of equity shares in physical form, as is presently the case.
Furthermore, Ranbaxy's shareholders would have the option to hold the ...