Shriram Transport Finance Company on Thursday said its board has declared a second interim dividend of Rs 6 per share for 2020-21.
This is in addition to the first dividend of Rs 6 per share declared by the board on October 29, 2020 and paid to the eligible shareholders on November 26, Shriram Transport said in a regulatory filing.
“The board of directors of the company at their meeting held on March 25, 2021 approved declaration of second interim dividend of Rs 6 per equity share of Rs 10 each fully paid up (60 per cent) for the financial year 2020-21,” the company said.
It said it has fixed April 6 as the record date for payment of the second interim dividend, subject to deduction of tax at source, to eligible shareholders.
The company has also elevated Umesh Revankar as the Vice Chairman and Managing Director with effect from April 1, 2021.
Currently, Revankar is the Managing Director and CEO of the company.
Shriram Transport Finance stock was trading at Rs 1,376.35 on BSE, down 1.82 per cent from the previous close.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
