TATAMOTORS-DVR-A-ORDY has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2011, inter alia, has approved the following:
1. Recommended a dividend of Rs. 20/- per Ordinary share (200%) and Rs. 20.50 per ‘A' Ordinary share (205%) for FY 2010-11 (Rs. 15/- per Ordinary Share and Rs. 15.50 per A' Ordinary Share for FY 2009-10).
2. Approved the sub-division of the Company's Ordinary and 'A' Ordinary Shares, both of the face value of Rs. 10/- each into Ordinary and 'A' Ordinary Shares, both of the face value of Rs. 2/- each, subject to the approval of the shareholders at the said Annual General Meeting.