Authorities-owned Gail (India) has obtained board of administrators approval for fee of a second interim dividend for the monetary 12 months 2021-22 at 50% (Rs5 per fairness share) on the paid-up fairness share capital of the corporate.
The board has mounted March 22 because the report date for the fee of the second interim dividend.
The overall dividend payout can be aggregated to ₹2,220.19 crore.
The corporate has already declared an interim dividend of ₹4 per share to its shareholders for the present monetary 12 months in December final 12 months.
These two interim dividends whole ₹9 per fairness share (90% on the paid-up fairness share capital) with a cumulative payout of ₹3,996.35 crore.
On Monday, Gail’s inventory can be in focus following the dividend announcement. Final week, on Friday, the inventory closed at Rs152.45 apiece greater by 3.4% on BSE.
Supply: Live Mint