Mahindra & Mahindra declares 75% interim dividend

Mahindra & Mahindra declared an interim dividend of 75% or Rs 7.50 a share of the face value Rs 10 to shareholders of the company for financial year ended Mar. 31, 2007. The decision was taken by the board of directors of the company at its meeting held Mar. 21, 2006.  
The board also approved an increase in the borrowing limits from Rs 25 billion to Rs 60 billion for investment in R&D, expansion in capacities and product development.

Mahindra & Mahindra is a diversified company mainly engaged in manufacturing of agricultural tractors and light commercial vehicles. Its also operates in financial services and information technology services sector.

The shares of the company closed at Rs 754.95, up by Rs 9.65, or 1.29%. The total volume of shares traded at the BSE was 106,261. (Wednesday)

 

 

 

Gammon India declares interim dividend of 20%

The board of directors of Gammon India at its meeting held Mar.21, 2007 has declared an interim dividend of 20% (i.e. Rs 0.40 an equity share) for the financial year 2006-2007.
Gammon India is one of the leading construction companies in India today. The company was established by late J.C. Gammon in 1919 as a firm of civil engineers & contractor which in 1922 was incorporated as a private limited company under the name of J. C. Gammon (Bombay). The firm went public in 1962 and was rechristened as Gammon India.

Shares of the company closed lower by Rs 2.35, or 0.81%, at Rs 287.60. Total volume of shares traded at the BSE was 52,004. (3.56 pm, Wednesday).

 

 

 

 

Crompton Greaves declares third interim dividend of 25%

 

The board of directors of Crompton Greaves at its meeting held  Mar.21, 2007 has declared a third interim dividend of 25%, that is Rs 0.50 a share, on 366,566,592 equity shares of Rs 2 each for the financial year 2006-07.

Further the company said that Scott Bayman has been appointed as an additional director of the company with immediate effect.

Crompton Greaves (CGL), part of the Thapar Group, was incorporated in 1937. It is one of the largest players in India in the electrical equipment and engineering industry. The company is mainly engaged in the manufacture, distribution and sale of electrical and electronic equipment systems.