Wockhardt Ltd Board declares Interim Dividend of Rs. 10

The Board of Directors of Wockhardt Ltd at its meeting held on November 11, 2016, have declared an Interim Dividend of Rs. 10 per Equity Share of face value of Rs. 5/- each i.e. @ 200 % for the Financial Year 2016-17. The payment of said Interim dividend shall commence from November 25, 2016.

The Board inducted Mr. Vinesh Kumar Jairath, as Additional Director (Non- Executive, Independent) w.e.f. November 10, 2016.

The Board approved issuance of postal ballot notice to the shareholders pertaining to revision in remuneration of Whole Time Directors.

The Board also approved issuance of Unsecured Masala Bonds, subject to requisite approval, if any, for an amount not exceeding US$ 200 million.

The Board Meeting commenced at 03:30 PM and concluded at 05:30 PM.

Shares of WOCKHARDT LTD. was last trading in BSE at Rs.814.3 as compared to the previous close of Rs. 790.9. The total number of shares traded during the day was 171854 in over 5500 trades.

The stock hit an intraday high of Rs. 821.85 and intraday low of 805.9. The net turnover during the day was Rs. 140106223.

Source : Equity Bulls

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