RIL board considers interim dividend as final
RIL board considers interim dividend as final Reliance Industries announced on Monday that the board of directors today considered the payment of interim dividend of Rs 11 a share of Rs 10 each, as the final dividend for the financial year ended Mar. 31, 2007. >In another announcement, the company said it inked an agreement with the receivers and managers of Hualon Corporation (M) in Malaysia to acquire assets of Hualon.
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Hualon is a leading polyester producer in Malaysia with a polyester (fibre, yarn and resin) manufacturing capacity of half a million tons per annum along with downstream textile manufacturing capabilities spread over two locations in Malaysia namely, Nilai and Malacca. It is one of the largest exporters in Malaysia.
Shares of the company gained Rs 25.8, or 1.32%, to settle at Rs 1,987.2. The total volume of shares traded was 620,106 at the BSE. (Monday)
