IID Forgings Board approves stock split & recommends 25% dividend

IID Forgings Ltd has announced that the Board of Directors of the Company at its meeting held on June 30, 2007, inter alia, has recommended a dividend @ 25% on the Paid up equity capital of the Company.

Furthe the Company has informed that, the Board approved subject to approval of the members sub division of the equity shares of the Company to a face value of Rs 2 per equity shares.

Source : Equity Bulls

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