The Hindu Business Line : TVS Motor declares second interim 70 pc

THE board of directors of TVS Motor Company on Wednesday declared a second interim dividend for the year 2003-04, of 70 paise for each Re 1 share (70 per cent).

This takes the total dividend for the year, declared so far, to Rs 1.3 per share, or 130 per cent.

The 65-odd lakh equity shares proposed to be allotted to the public shareholders of Lakshmi Auto Components Ltd, consequent to the amalgamation of Lakshmi Auto with TVS Motor, will rank on par with the existing shares of TVS Motor, says a press release from the company.

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