Pantaloon Retail reommends 25% dividend, to split shares from Rs.10 to Rs.2

Pantaloon Retail India Ltd has announced that the Board of Directors of the Company at its meeting held on September 30, 2006, inter alia, took the following decisions:

1. Recommended dividend of Rs 2.50 (25%) per equity share of Rs 10/- each.

2. Subject to members approval, sub-divide every Equity share of Rs 10/- each to five shares of Rs 2/- each. As a result of split/sub-division the Authorised share capital of Rs 35,00,00,000/- shall consist of 17,50,00,000 equity shares of Rs 2/- each.

Source : Equity Bulls

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