Greenply Industries Board recommends 30% final dividend

Greenply Industries Ltd has announced that the Board of Directors of the Company at its meeting held on June 04, 2007, inter alia, has recommended the final dividend @ 30% (Rs 1.50 per share).

Further the Company has informed that, the Board has converted 1,45,000 convertible Warrants No. 1 of Rs 5/- each issued at a premium of Rs 109/- per warrant through Preferential issues in the year 2006-2007 to M/s. Greenply Leasing & Finance Ltd. (Promoter-Body Corporate) into equity shares of the Company.

Accordingly, the paid-up equity capital of the Company has been increased from Rs 8,22,62,230/- to of Rs 8,29,87,230/-.

The stock closed the day at Rs.141.70, up by Rs.4.20 or 3.05%. The stock hit an intraday high of Rs.145 and low of Rs.138.60. The total traded quantity was 51988 compared to 2 week average of 11056.

Source : Equity Bulls

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