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Shares of Relaxo Footwears will turn ex-bonus on Wednesday. The company, which commenced its journey with the manufacture of Hawaii slippers, is rewarding its shareholders with a 1:1 bonus issue of shares. Investors buying the shares from Wednesday will not receive the bonus shares. The move will benefit about 5,370 individual shareholders, who control 5.94 per cent stake in it. VLS Finance, VLS Securities and Kotak Mahindra (International) have sizeable stakes in the company.
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