Aditya Birla Nuvo to treat Rs.5.5 interim dividend as final dividend

Aditya Birla Nuvo Ltd has announced that the Board of Directors of the Company at its meeting held on May 03, 2007, inter alia, has transacted the following:

1. Decided to treat the Interim Dividend declared at the meeting of Board of Directors held on March 12, 2007 of Rs 5.50/- per equity share for the year 2006-07, as the final dividend for the year ended March 31, 2007.

2. Approved subject to requisite approvals, the amalgamation of Aditya Birla Insulators Ltd ("ABIL") with the Company in terms of Scheme of Amalgamation under section 391 - 394 of the Companies Act 1956 which will take effect from the appointed date i.e. April 01, 2007 ("the Appointed Date").

Source : Equity Bulls

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