ICRA Ltd board of directors on Friday has recommended a dividend of Rs 20 per equity share (face value of Rs. 10) for the financial year ended March 31, 2012.

The 21st AGM of the company to be held on August 3.

ICRA’s profit after tax for FY12 grew 13 per cent to Rs 50.9 crore (Rs 44.91 crore).

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