Jayabharat Credit Board recommends Dividend & Rights Issue
Monday, June 30th, 2008Jayabharat Credit Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 30, 2008, inter alia, has transacted the following:
1. Recommended a dividend of Rs 0.80 (8%) on each of the shares for the financial year ended March 31, 2008.
2. Recommended a right issue of 1:1 for cash at a premium of Rs 2.50 per share on 50,00,000 equity share of Rs 10/- each.