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29th-Apr-2016 19:29Source: BSE

Cholamandalam - Board recommends Final Dividend

Cholamandalam Investment and Finance Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 29, 2016, has recommendation of final dividend @ 20 % being Rs.2 /- per equity share for the year ended March 31, 2016 out of the profits of the Company. This is besides the interim dividend of 25% (Rs.2.50 per equity share) as approved by the Board at its meeting held on January 29, 2016. With this recommendation, the total dividend paid on the equity shares for the year ended March 31, 2016 will be at 45% (Rs. 4.50 per equity share). The dividend will be paid within 7 days from the date of annual general meeting (i.e. on or before August 05, 2016), if approved by the shareholders at the ensuing 38th Annual General Meeting (AGM).

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