Falcon Tyres dividend at 15%

Ruia group company Falcon Tyres on Thursday recommended a dividend of 15 per cent on its extended capital. In August 2009, the company had declared an interim dividend of 25% to its shareholders. Since then, the tyre maker has split the face value of its Rs 10 shares into two shares of Rs 5 each as well as issuing bonus in the ration of two shares of every one held. The current financial year will see some of the major expansion programmes completed, the group’s chairman Pawan Ruia said.