Moser Baer Board recommends Rs.1.5 dividend

Moser Baer India Ltd has announced that the Board of Directors of the Company at its meeting held on April 30, 2007, inter alia, has recommended payment of a dividend @ Rs 1.5 per share for the year 2006-07 amounting to Rs 167,401,776 on 111,601,184 equity shares of Rs 10 each.

The stock closed the day at Rs.365.05, up by Rs.9.20 or 2.59%. The stock hit an intraday high of Rs.388 and low of Rs.363.25. The total traded quantity was 753286 shares compared to 2 week average of 332076.

The Register of Members & Share Transfer Books of the Company will remain closed from June 13, 2007 to June 15, 2007 (both days inclusive) for the purpose of payment of dividend, if declared for the financial year 2006-2007.

Source : Equity Bulls

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