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Ranbaxy okays 120% 2nd interim

Our Bureau

New Delhi, March 29

Ranbaxy Laboratories' board of directors has approved a second interim dividend of 120 per cent, or Rs 6 per share of par value of Rs 5 each, for the year 2006. According to the statement made by the company, this takes the total to 170 per cent. In November, an interim dividend of 50 per cent or Rs 2.50 per share was paid. In view of this, no final dividend has been recommended by the board, the statement said.

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