Oracle Financial Services Software Ltd skips dividend for 2011-12

The Board of Directors of Oracle Financial Services Software Ltd at its meeting held on May 11, 2012, did not recommend any dividend on equity shares for the financial year ended March 31, 2012.

The Board accepted the resignation of Mr. William T. Comfort, Jr., Chairman of the Board with effect from the close of business hours of May 11, 2012, and placed on record its appreciation for the contributions made by Mr. Comfort as a member of the Board during his tenure of 14 years and appointed Mr. S. Venkatachalam, a Non Executive Independent Director as the Chairman of the Board of Directors with effect from May 12, 2012.

Shares of Oracle Financial Services Software Ltd closed the day at Rs.2568.05, up by Rs.9.80 or 0.38%. The stock hit an intraday high of Rs.2584 and low of Rs.2552.15.

The total traded quantity was 1143 compared to 2 week average of 2568.

Source : Equity Bulls

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