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Cipla shareholders approve 100% final dividend

Cipla shareholders approve 100% final dividend
PTI
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First Published: Fri, Aug 26 2011. 08 03 PM IST
Updated: Fri, Aug 26 2011. 08 03 PM IST
New Delhi: Drug firm Cipla on Friday said its shareholders have approved final dividend of 100% on 80.29 crore equity shares of Rs2 each for the financial year ended 31 March 2011.
The shareholders have also confirmed interim dividend paid at the rate of 40% on 80,29,21,357 shares of Rs2 each for the financial year 2011.
The company’s shareholders also approved the appointment of S Radhakrishnan as director of the company and re-appointment of MR Raghavan and Pankaj Patel as the directors of the company, Cipla said.
The company on Thursday had said that it expected revenues to grow over six times to Rs15,000-20,000 crore by 2020 and had assured shareholders that the promoters have no plan to divest their stake in the company.
The company has achieved net revenue of Rs6,135 crore in 2010-11 with international business continuing to be a major revenue driver.
Shares of Cipla on Friday closed at Rs276.90 on the BSE, down 1.30% from its previous close.
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First Published: Fri, Aug 26 2011. 08 03 PM IST
More Topics: Cipla | Shares | Dividend | Equity | Pharma |