Mercator Lines Board recommends 100% dividend

Mercator Lines Ltd has announced that the Board of Directors of the Company at its meeting held on June 29, 2007, inter alia, has approved the following:

1. Recommended @ 100% i.e. Re 1/- per share on Equity Shares of Rs 1/- each for the financial year ended on March 31, 2007.

2. Recommended proposal for voluntary delisting of equity shares of the Company from Ahmedabad Stock Exchange Ltd (ASE) for approval of members at the ensuing Annual General Meeting of the Company.

Source : Equity Bulls

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