23 Apr 07 Reliance Capital FY07 Results and Dividend

Reliance Capital Limited, part of the multi billion dollar Anil Dhirubhai Ambani group has informed the Indian stock exchanges that, the Board of directors of Reliance Capital, at their meeting held on April 23, 2007 have recommended a dividend of 35%, which works out to Rs.3.50 per equity share of face value Rs.10 each. The dividend is subject to statutory approval by the shareholders of Reliance Capital at the ensuing AGM.

Reliance Capital also came out with its FY07 results today. Reliance Capital reported a consolidated income of Rs. 2158 Crores for the financial year ended march 2007. This is an increase of 128% on a sequential year on year basis. The Reliance Capital stock was marginally down by 0.63% today at Rs. 715.25 at the closing bell.

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