India Nippon Electricals declares interim dividend

by khalid on 22/12/2009 · 0 comments

India Nippon Electricals (electrical components for the auto industry) is a TVS group company. The company has announced that the Board of directors has decided in a meeting held 18th Dec 09 to distribute interim dividend to its share holders for the current fiscal FY10 ( April 2009 to March 2010). The amount of dividend will be Rs 3.50 per share and it is 35% for FY10.

TVS group through Lucas holds a 46% stake while company promoter kokusan denki of japan holding another 20%. Public holding is 26%.

India Nippon Electricals share’s CMP is Rs 204.90 on 21st Dec 09

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