Nicholas Piramal Board declares final Equity Dividend at 25%, fixes book closure

Nicholas Piramal India Ltd has announced that the Board of Directors of the Company at its meeting held on April 26, 2007, inter alia, has declared final Equity Dividend at 25% (i.e. Rs 0.50 per share) on 20,90,17,606 equity shares of Rs 2/- each.

This is in addition to the interim equity dividend at 150% (i.e. Rs 3 per equity share of Rs 2/- each) which was declared by the Board on March 15, 2007.

Thus, the total Equity Dividend for the financial year ended March 31, 2007 works out to 175% (i.e. Rs 3.50 per share).

As regards dividend on Preference Shares, the entire preference dividend was declared and paid as interim dividend during the financial year ended March 31, 2007.

The Register of Members & Share Transfer Books of the Company will remain closed from June 04, 2007 to June 14, 2007 (both days inclusive) for the purpose of payment of final equity dividend and 60th Annual General Meeting of the Company to be held on June 14, 2007.

The stock closed the day at Rs.249.95. The stock hit an intraday high of Rs.259 and low of Rs.246.90. The total traded quantity was 112851 compared to 2 week average of 199214.

Source : Equity Bulls

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