Tide Water Oil (India) Ltd board recommends final dividend of Rs. 140

The Board of Directors of Tide Water Oil (India) Ltd at its meeting held on June 24, 2020, inter alia, has recommended final dividend of 2800% (Rs.140/- per share) on the ordinary shares of the Company for the year ended March 31, 2020 subject to the approval of the shareholders in the ensuing 97th Annual General Meeting absorbing a sum of Rs.48.79 crores.

The dividend will be distributed to the eligible shareholders within 30 days of the date of its declaration i.e. within 30 days from the date of the 97th Annual General Meeting.

Shares of TIDE WATER OIL (INDIA) LTD. was last trading in BSE at Rs.4099.75 as compared to the previous close of Rs. 4069.3. The total number of shares traded during the day was 324 in over 184 trades.

The stock hit an intraday high of Rs. 4178 and intraday low of 4051. The net turnover during the day was Rs. 1331801.

Source : Equity Bulls

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