Solar TV Community Ltd on Monday stated its board has permitted an interim dividend of ₹5 per share for the present monetary yr 2021-2022.
“That is to tell that the Board of Administrators at their assembly held at present, inter alia, have declared an Interim Dividend of Rs. 5/- per fairness share of Rs. 5/- every (i.e. 100%) for the monetary yr 2021-22,” Solar TV stated in a submitting.
The corporate has mounted 21 March because the file date for the interim dividend and the cost of the identical will start on start on from twenty ninth March.
On Monday, Solar TV shares closed marginally down at ₹437.10 apiece on NSE. On a year-to-date foundation, the inventory has slipped over 13% thus far in 2021.
Solar TV Community, a part of one in all Asia’s largest TV Networks Solar Group, is an Indian media big headquartered in Chennai. It owns quite a lot of tv channels radio stations in a number of languages. Solar Group at present owns and operates 33 TV channels throughout Indian languages – Tamil, Telugu, Malayalam, Kannada, Marathi and Bengali.
Solar TV has reported a consolidated web revenue of ₹471 crore for the third quarter ended December, marginally larger than ₹445 crore posted in the course of the corresponding quarter within the earlier fiscal.
The corporate’s consolidated income from operations, on a year-on-year foundation, grew 7% to ₹1,060 crore in the course of the December quarter as in opposition to ₹994 crore in the identical interval final yr.
Supply: Live Mint