Elgi Equipments Board declares 50% interim dividend, to setup subsidiary in Bangladesh

Elgi Equipments Ltd has announced that the Board of Directors of the Company at its meeting held on October 28, 2006, inter alia, has declared an interim dividend of 50% on the paid up equity share capital of the Company.

Further the Company has informed that, the Company plans to open a wholly owned subsidiary in South Africa and a trading office in Bangla Desh. This is expected to further strengthen the international business.

Source : Equity Bulls

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