India Corporate News

BHEL members declare 80% dividend

Bharat Heavy Electricals Ltd (BHEL) members have declared final dividend at the rate of 80 per cent on the paid up share capital of the company of Rs 244.76 crore.

Shares of BHEL were last traded on BSE at Rs 1222.65, up by 5.37 per cent.

 

Wipro allots equity shares under ESOP

Wipro Ltd`s board of directors has resolved to issue and allot 171600 equity shares of Rs 2 each pursuant to exercise of the stock options by the eligible employees.

Shares of Wipro were last traded on BSE at Rs 374.15, up by 0.51 per cent.

Soma Textiles board to consider Rs 105 crore UFCD issue

Soma Textiles & Industries Ltd has convened a meeting of the board of directors of the company on October 05, 2005, to consider the draft prospectus in connection with Public issue of unsecured fully convertible debentures aggregating to Rs 105 crore.

The board will also consider the appointment of lead manager, co-manager, advisors, bankers to the issue, brokers, underwriters, contingent underwriters and legal advisors to the issue. The board will also consider appointing register and trustee to the Issue.

The board will discuss upon the credit ratings assigned by the Credit Rating Agencyies to the proposed unsecured fully convertible debentures to be offered to the public.

The board will review the financial assistance agreed to be provided to the company by the banks and financial institutions, if any, against the proposed issue of unsecured fully convertible debenture

BHEL members declare 80% dividend

Bharat Heavy Electricals Ltd (BHEL) members have declared final dividend at the rate of 80 per cent on the paid up share capital of the company of Rs 244.76 crore.

Shares of BHEL were last traded on BSE at Rs 1222.65, up by 5.37 per cent.

 

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