GE Shipping Board declares Interim Dividend of Rs.4

Great Eastern Shipping Company Ltd (GE Shipping) has announced that the Board of Directors of the Company at its meeting held on October 27, 2006, inter alia, has transacted the following:

1. Declared an interim dividend of Rs 4.00 per share to the equity shareholders of the Company which will be paid to the eligible shareholders on or after November 22, 2006.

The interim dividend declared will be paid on the reduced equity share capital i.e. 152,273,924 equity shares post demerger of the offshore services business.

3. Appointed Mr Berjis Desai as Director on the Board of the Company with effect from October 27, 2006.

Source : Equity Bulls

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