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DSCL declares 150% special interim dividend
24 Aug '07
1 min read
DSCL, an integrated business entity, with extensive and growing presence across the entire agri-rural value chain and chloro-vinyl industry, at its Board Meeting approved the payment of 150% special interim dividend on equity shares having a face value of Rs. 2 each.
The total outgo for the interim dividend will be Rs. 58.23 crore including a dividend distribution tax of Rs. 8.46 crore.
The Special Interim Dividend follows the recently announced sale by the Company of its 50% rights, title and interests in SBM Land Redevelopment Project for Rs. 837.50 crore.
While the major proportion of the funds are being utilized to fund future growth projects and strengthen the Company's balance sheet, the dividend distribution is in line with the Company's philosophy of sharing value with its shareholders, rewarding them for their continuous support and encouragement.
The total outgo for the interim dividend will be Rs. 58.23 crore including a dividend distribution tax of Rs. 8.46 crore.
The Special Interim Dividend follows the recently announced sale by the Company of its 50% rights, title and interests in SBM Land Redevelopment Project for Rs. 837.50 crore.
While the major proportion of the funds are being utilized to fund future growth projects and strengthen the Company's balance sheet, the dividend distribution is in line with the Company's philosophy of sharing value with its shareholders, rewarding them for their continuous support and encouragement.
DCM Shriram Consolidated Limited
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