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Corporate
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Dividend Announcement
Jindal Saw to pay Rs 6.25
Mumbai, Feb. 27
Jindal Saw Ltd has said that the has recommended a
dividend of Rs 6.25 per equity share of Rs 10 each for
the 15-month period ended December 31, 2007. The
board has approved, on a preferential basis, allotment to
Anbeeco Investments Ltd, Cyprus, a company belonging
to the promoter group, 26 lakh warrants. Each warrant is
convertible into one equity share of Rs 10 at a price not
less than Rs 819 on or before March 31, 2009. Further,
27.3 lakh - 9.5 per cent unsecured compulsorily
convertible debentures (CCDs) of Rs 819 each with each
CCD convertible into one equity share of Rs 10 at not less
than Rs 819 will also be allotted to Anbeeco Investments.
- Our Bureau
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