Zandu Pharmaceutical Board recommends Bonus Issue & Final Dividend

Zandu Pharmaceutical Works Ltd has announced that the Board of Directors of the Company at its meeting held on November 16, 2006, inter alia has:

1. Recommended the issue of bonus shares in the ratio of 1:3 i.e. 1 additional shares for every 3 existing equity share held by the members.

2. Proposed final dividend of Rs 5/- per share, raising the total dividend for the year as a whole to Rs 75/- per shares (inclusive of Rs 70/- per share of 2 interim dividends of Rs 35/- each).

Source : Equity Bulls

Keywords