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WOCKHARDT LTD. - Outcome of Board Meeting
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06 May 2016
Wockhardt Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 06, 2016, inter alia, has transacted the following :&lt;BR&gt;&lt;BR&gt;1. The Board recommended dividend @ 0.01% (Rs. 0.0005 per Preference Share of Rs. 5/-each) absorbing a sum of Rs. 298,557/- on 475,659,941 Non-Convertible Cumulative Redeemable Preference Shares of Rs. 5/- each and 121,454,927 Optionally Convertible Cumulative Redeemable Preference Shares of Rs. 5/- each. The divided, if declared by the Shareholder at the ensuing Annual General Meeting (&apos;AGM&apos;) will be paid within 30 days from the date of the AGM.&lt;BR&gt;&lt;BR&gt;2. Issuance of Non-Convertible Debentures (NCD&apos;s) on private placement basis upto an aggregate amount not exceeding Rs. 1200 crore has been approved. Further, the issuance of NCD&apos;s is subject to approval of the Shareholders at the ensuing AGM.
View all announcements for WOCKHARDT LTD. Source: BSE India