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Our Bureau

Chennai, March 22

Tube Investments of India has declared a `special interim dividend' of Rs 17.50 per share (175 per cent) of Rs 10 each, for the year 2005-06. Further, in a notification to the stock exchange, the company has announced a stock-split. Each share of Rs 10 is to be split into five shares of Rs 2 each. The company has also announced the appointment of Mr Sumit Banerjee as Managing Director for five years from April 17.

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