Indian Hotels Company Ltd board recommends dividend of Rs. 0.50 for FY20

The Board of Directors of Indian Hotels Company Ltd at its meeting held on June 10, 2020, has recommended a dividend of Rs. 0.50/- per Equity Share of Rs. 1/- each fully paid up of the Company @ 50% (previous year Rs. 0.50/- per Equity Share of Rs. 1/- each fully paid up @ 50%), subject to approval of the Members at the Annual General Meeting (AGM).

Accordingly :

- the dividend payable on one Equity Share of Rs. 1/- each fully paid up will amount to Rs. 0.50/- (Fifty paise Only)

- the dividend payable on 100 Equity Shares of Rs. 1/- each fully paid up will amount to Rs. 50/- (Fifty- Only).

The AGM of the Company is scheduled to be held on July 27, 2020. Dividend, if declared at the said AGM, will be paid on and from August 03, 2020, to the Members entitled to receive the same.

Shares of INDIAN HOTELS CO.LTD. was last trading in BSE at Rs.92.8 as compared to the previous close of Rs. 89.35. The total number of shares traded during the day was 383884 in over 3317 trades.

The stock hit an intraday high of Rs. 95 and intraday low of 89.15. The net turnover during the day was Rs. 35276926.

Source : Equity Bulls

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