Prithvi Information Board recommends 10% dividend, to issue shares

Prithvi Information Solutions Ltd has announced that the Board of Directors of the Company at its meeting held on August 30, 2006, inter alia, has approved the following:

1. Convening the 8th Annual General Meeting for considering Annual Audited Accounts for the year ended March 31, 2006, on September 29, 2006.

2. Recommended for final dividend of 10% percent in addition to the 15% interim dividend already paid.

3. Modification of Issue of shares up to 70 million USD (or its rupee equivalent) to qualified institutional buyers through QIP / FCCBs / GDR etc.

Source : Equity Bulls

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