SME Times News Bureau | 17 Mar, 2018
State-run Bharat Electronics Ltd (BEL) on Friday said it has paid the
government Rs 262 crore interim dividend for fiscal 2017-18.
"Our
Chairman M.V. Gowtama presented a cheque bearing the interim dividend
amount to Defence Minister Nirmala Sitharaman in New Delhi on Thursday,"
said the company in a statement here.
The city-based listed firm
declared 160 per cent interim dividend or Rs 1.60 per share of Rs 10
face value to all its shareholders for this fiscal.
"This is the
14th consecutive year we have paid interim dividend. The total dividend
paid to investors, including the government on its paid-up capital was
225 per cent for the previous fiscal (2016-17)," BEL said.
The
Central government equity share holding declined to 69.41 per cent after
it divested 5 per cent of its stake (1.11 crore shares) in February
2017 and raised Rs 1,600 crore.
