Gulf Oil Corporation Ltd has decided to pay an interim dividend of ₹2.50 per share, equivalent to 125 per cent.

This comprises interim dividend of ₹2.20 per share equivalent to 110 per cent plus special interim dividend of ₹0.30 equivalent to 15 per cent following the demerger in progress. This is for the year 2013-14.

The company informed the BSE that the board of directors approved the dividend at its meeting held on March 26.

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