Zenith Infotech Board recommends 15% dividend

Zenith Infotech Ltd has announced that the Board of Directors of the Company at its meeting held on July 14, 2007, inter alia, has transacted the following:

1. Recommended a Dividend of 15% i.e. Rs 1.50 per share for the year ended March 31, 2007.

2. Passed appropriate resolutions for issuing Foreign Currency Convertible Bonds upto US $ 60 million; and

3. Cancelled the issue of Warrants convertible into Equity Shares, on preferential allotment basis, to the Promoter Group.

Source : Equity Bulls

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