20 Apr 07 Nippo Batteries Limited declares dividend

Nippo Batteries Ltd has informed the Indian stock exchanges that, the Board of directors of Nippo Batteries, at their meeting held on April 20, 2007 have recommended a dividend of 125%, which works out to Rs.12.50 per equity share of face value Rs.10 each. The dividend is subject to statutory approval by the shareholders of Nippo Batteries at the ensuing AGM. The Nippo Batteries stock was marginally up by 0.40% today at Rs. 388.40 at the closing bell.

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