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Shree Cement Ltd approves interim dividend of Rs. 20 for 2017-18

Posted On: 2018-01-11 03:58:39

The Board of Directors of Shree Cement Ltd has today approved the Standalone Unaudited Financial Results for the Quarter and nine months ended on 31st December, 2017.

The Board declared Interim dividend at the rate of Rs. 20/- per equity share of Rs. 10 each for the FY 2017-18, which shall be payable to those shareholders who hold shares on the record date fixed by the Company i.e. 19th January, 2018. The dividend shall be paid from 22nd January, 2018.

The Board also approved the issuance of Secured Redeemable Non-Convertible Debentures on private placement basis for an amount up to Rs. 500 Crores in one or more tranches.

The meeting of the Board started at 13.00 Hrs. IST (11.30 Hrs UAE Time) and concluded at 15:35 Hrs IST (14:05 Hrs UAE Time).

Shares of SHREE CEMENT LTD. was last trading in BSE at Rs.19511.95 as compared to the previous close of Rs. 19474.9. The total number of shares traded during the day was 1225 in over 461 trades.

The stock hit an intraday high of Rs. 19842.3 and intraday low of 19351.5. The net turnover during the day was Rs. 24031379.

Source: Equity Bulls

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