MAHINDRA & MAHINDRA LTD. - Board recommends Dividend

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29 May 2015
Mahindra & Mahindra Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2015, inter alia, have decided as follows:<BR><BR>1. To recommend a Dividend of Rs. 12 (240%) per Ordinary (Equity) Share of the face value of Rs. 5 each.<BR><BR>The dividend on Ordinary (Equity) Shares for the year ended March 31, 2015, as recommended by the Board of Directors and as may be declared at the AGM, will be paid/ dispatched after August 07, 2015.<BR><BR>2. To seek Shareholders' approval at the ensuing Annual General Meeting of the Company, inter alia, to borrow by way of securities including but not limited to secured/unsecured redeemable Non-convertible Debentures and/or Commercial Paper to be issued under Private Placement basis for an aggregate amount not exceeding Rs. 5,000 crores.
View all announcements for MAHINDRA & MAHINDRA LTD.	Source: BSE India

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