JBF Industries Board recommends 22.5% dividend

JBF Industries Ltd has announced that the Board of Directors of the Company at its meeting held on May 18, 2007, inter alia, has recommended dividend @ 22.50 % i.e. Rs 2.25 per equity share.

The Board of Directors of the Company has also approved raising funds through unsecured ECB equivalent to USD 40 Million for capital expenditure.

The stock closed the day at Rs.119.30, down by Rs.2.25 or 1.85%. The total traded quantity was 226536 compared to 2 week average of 93916. The stock hit an intraday high of Rs.124.80 and low of Rs.118.35.

Source : Equity Bulls

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