Tata Investment Board recommends 150% dividend

Tata Investment Corporation Ltd has announced that the Board of Directors of the Company at its meeting held on June 04, 2007, inter alia, has, subject to the approval of the shareholders at the ensuing Annual General Meeting recommended a dividend of 130% and a special dividend of 20% on completion of 70 years (total 150%) for the year ended March 31, 2007, on the ordinary share capital (Previous Year 120%).

The stock closed the day at Rs.440.85, down by Rs.3.55 or 0.80%. The stock hit an intraday high of Rs.465 and low of Rs.436.10. The total traded quantity was 39650 compared to 2 week average of 29307.

Source : Equity Bulls

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