26 Nov 07 Walchandanagar Bonus Issue, Stock Split and Dividend News
Walchandnagar Industries Limited has informed the stock exchanges that the board of Walchandnagar Industries has recomended an issue of bonus shares to the equity shareholders apart from a Stock Split and a fat 100% special dividend to mark the centenary year for the company. The Walchandanagar Bonus Issue ratio, subject to shareholder approval is 1:1 and the ratio for the stock split is 5:1. The bonus issue, stock split and dividend are subject to shareholders approval in the forthcoming AGM.
19 Jul 07 DLF Dividend : DLF Board recommends 100% Dividend
DLF has informed the stock exchanges that the board of directors of DLF have recommended a dividend of 100%, which works out to Rs. 2 per share of face value Rs. 2 each. The dividend is subject to approval from the shareholders of DLF in the ensuing AGM. The share prices of DLF have steadily been rising right from the time it got listed on the stock exchanges earlier this month.
29 May 07 Unitech to issue bonus shares
Leading real estate company Unitech has informed the stock exchanges that the board of Unitech has recommended a bonus issue of shares (also known as stock dividend) in the ratio of 1 : 1 (1 bonus share for every 1 share held). The board of Unitech has also recommended an equity dividend of 50 paise per share. The board of Unitech has decided to increase the authorised share capital to Rs. 500 crore to accommodate the increase in paid up capital of Unitech after the bonus issue.
24 May 07 Divi’s Laboratories stock split, Dividend
Divi’s Laboratories has informed the stock exchanges that it would be splitting the face value of its equity shares from Rs 10 each to Rs 2 each. Divi’s Laboratories had also announced an interim dividend of 100%, which works out to Rs 10 per share of face value Rs.10 each. Following the stock split announcement, Divi’s Laboratories has smartly moved up by 8% to Rs 4390.
23 May 07 ICRA, NIIT Technologies, Karur Vysya Bank, MRO TEK, PNB Dividend
The board of directors of ICRA have recommended dividend at 45%, which works out to Rs. 4.50 per share of face value Rs.10. The board of directors of NIIT Technologies have recommended dividend of Rs 6.50 per share. The board of directors of Punjab National Bank (PNB) have recommended a final dividend of Rs 6 per share. The board of directors of MRO TEK have recommended a final dividend of 20%. Karur Vysya Bank’s board has recommended a dividend of 100%.
21 May 07 Tata Motors, Jindal Steel and Power, SAIL, Lanco Dividend
Tata Motors has informed the Indian stock exchanges that the board of Tata Motors has declared a dividend of Rs. 15 per share. Jindal Steel and Power has informed the Indian stock exchanges that the board of Jindal Steel and Power has recommended a final dividend of Rs. 12 per share. SAIL has informed the Indian stock exchanges that the board of SAIL has recommended a final dividend of 15%. Lanco Industries has informed the Indian stock exchanges that the board of Lanco Industries has recommended a dividend of Rs. 1 per share.
21 May 07 Kalpataru Power, Parsvnath Developers, Nava Bharat dividend
Nava Bharat Ventures has informed the Indian stock exchanges that the board of Nava Bharat Ventures on 19 May 2007 had recommended a dividend of 200%. The board of directors of Nava Bharat Ventures have also resolved to acquire 51% stake in Brahmani Infratech for Rs. 55 crores. Karnataka Bank has informed the Indian stock exchanges that the board had recommended a dividend of 35%. Kalpataru Power Transmission has informed the Indian stock exchanges that the board of Kalpataru Power Transmission has recommended a dividend of 75%. Parsvnath Developers has informed the Indian stock exchanges that the board of Parsvnath Developers has recommended a dividend of 25%.
14 May 07 State Bank of India (SBI) Results & Dividend
State Bank of India (SBI) announced its results today.  SBI posted a 75% spurt in net profit to Rs. 1932 crores in the fourth quarter ended March 2007 (Q4 2007)  compared with Rs. 853 crores in the fourth quarter ended March 2006 (Q4 2006). State Bank of India (SBI) gave more loans to companies, individuals and farmers. Markets, especially the banking stocks, surged today as SBI’s results were much better than what the analysts expected. State Bank of India (SBI) has also declared a dividend of 140% which works out to Rs. 14 per share of face value Rs.10 each.
13 May 07 Bank of Rajasthan Bonus and Dividend
Bank Of Rajasthan Limited has informed the Indian Stock Exchanges that the Board of Directors of Bank of Rajasthan at their meeting held on 12 May, 2007 have recommended a dividend of 20%. Bank Of Rajasthan Limited has also informed the Indian Stock Exchanges that the Board of Directors of Bank of Rajasthan at their meeting held on 12 May, 2007 have recommended an issue of Bonus Shares in the ratio 1:4 (one bonus equity share for every four equity shares held) to the existing shareholders of Bank Of Rajasthan who hold shares on the record date which will be announced by the board of Bank Of Rajasthan, in the coming few days.
12 May 07 Hero Honda Motors Dividend
Hero Honda Motors has informed the Indian stock exchanges that, the Board of directors of Hero Honda, at their meeting held on May 11, 2007 have recommended a dividend of 850%, which works out to Rs.17 per equity share of face value Rs.2 each. The dividend is subject to statutory approval by the shareholders of Hero Honda at the ensuing AGM.
12 May 07 Bharat Bijlee dividend
The board of directors of Bharat Bijlee have recommended a dividend of 250%, which works out to Rs.25 per share of Bharat Bijlee of face value Rs.10 each. The dividend will be paid out to the shareholders of Bharat Bijlee as on the record date which will be announced by the board of directors of Bharat Bijlee soon.
05 May 07 Tata Sponge dividend
Tata Sponge has informed the Indian stock exchanges that, the Board of directors of Tata Sponge, at their meeting held on May 04, 2007 have recommended a dividend of 40%, which works out to Rs.4 per equity share of face value Rs.10 each. The dividend is subject to statutory approval by the shareholders of Tata Sponge at the ensuing AGM.
30 Apr 07 Shoppers Stop Dividend
Shoppers Stop has informed the Indian stock exchanges that, the Board of directors of Shoppers Stop, at their meeting held today have recommended a dividend of 15%, which works out to Rs.1.50 per equity share of face value Rs.10 each. The dividend is subject to statutory approval by the shareholders of Shoppers Stop at the ensuing AGM.
30 Apr 07 State Bank of Mysore dividend
State Bank of Mysore has informed the Indian stock exchanges that, the Board of directors of State Bank of Mysore, at their meeting held today have recommended a dividend of 100%, which works out to Rs.10 per equity share of face value Rs.10 each. The dividend is subject to statutory approval by the shareholders of State Bank of Mysore at the ensuing AGM.
30 Apr 07 ICICI Bank follow on public issue FPO
The board of directors of ICICI Bank, at their meeting today, approved raising additional equity capital through a public issue of shares by coming out with a follow on public issue (FPO) and American Depositary Shares (ADS). The follow on public issue (FPO) and American Depositary Shares (ADS) issue is expected to generate around Rs. 20 thousand crores. ICICI BANK said that the approval of shareholders will be obtained by means of a postal ballot.
ICICI Bank has informed the Indian stock exchanges that, the Board of directors of ICICI Bank, at their meeting held today have recommended a dividend of 100%, which works out to Rs.10 per equity share of face value Rs.10 each. The dividend is subject to statutory approval by the shareholders of ICICI Bank at the ensuing AGM. For more information on the ICICI Bank IPO / FPO make sure you read the article on ICICI Bank IPO.
