Kpit Cummins Board recommends 35% dividend

The Board of Directors of Kpit Cummins Infosystems Ltd at its meeting held on April 26, 2007, inter alia, has transacted the following:

1. Recommendation of Dividend @ 35% for FY 2006-2007 (Rupees 0.70 per Equity Share of Rupees 2 each).

2. Preferential allotment of 14,71,498 equity shares of Rs 2 each and Warrants convertible into 14,71,498 equity shares of Rs 2.

The stock was trading at Rs.139.25, up by Rs.1.25 or 0.91%. The stock hit an intraday high of Rs.142.80 and low of Rs.132.45. The total traded quantity was 154230 compared to 2 week average of 187057.

Source : Equity Bulls

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