Jet Airways AGM approves 60% dividend

Jet Airways India Ltd has announced that the members at the 14th Annual General Meeting (AGM) of the Company held on September 20, 2006, inter alia, have approved the declaration of dividend for the Financial Year 2005-06 @ 60% i.e. Rs. 6/- per Equity Share.

Approval for reclassification of authorized capital of the Company from Rs 2000,00,000/- divided into 130,000,000 Equity Shares of Rs 10/- each and 70,000,000 Preference Shares of Rs. 10/- each, to Rs 2000,000,000/- divided into 180,000,000/- Equity Shares of Rs 10/- each and 20,000,000 Preference Shares of Rs 10/- each.

Source : Equity Bulls

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