India Infoline Finance Ltd updates on dividend for FY16

The Board of Directors of India Infoline Finance Ltd at its meeting held on May 04, 2016, has approved the dividend for 2015-16.

During the financial year 2015-16, the Board of Directors of the Company has declared and paid interim dividend of Rs. 2.75 per equity share (face value of Rs. 10/- each) on November 10, 2015. Further the Board of Directors of the Company had declared and paid interim dividend on 15,00,00,000 9.25% Compulsorily Redeemable Non-convertible Preference Shares of Rs. 10/- each. Further, the Board of Directors have recommended a dividend of Rs. 0.80 per share (i.e. 8% of face value of Rs. 10/- each) on 7,50,00,000 - Compulsorily Redeemable Non- Convertible Non - Cumulative Preference Shares of Rs. 10 each and Rs. 0.80 per share (i.e. 8% of face value of Rs. 10/- each) on 10,00,00,000 - Compulsorily Redeemable Non Convertible Cumulative Preference Shares of Rs. 10 each, subject to the approval of the members of the Company at the forthcoming Annual General Meeting.

Shares of INDIA INFOLINE LTD. was last trading in BSE at Rs.212 as compared to the previous close of Rs. 210. The total number of shares traded during the day was 6620 in over 196 trades.

The stock hit an intraday high of Rs. 212.9 and intraday low of 209.5. The net turnover during the day was Rs. 1400976.

Source : Equity Bulls

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