Piramal Enterprises turns ex-dividend; stock dips 9%
The board had recommended a dividend of Rs 52.50 per equity share of face value of Rs 2 for the financial year ended March 31, 2014.
Piramal Enterprises has tanked nearly 9% to Rs 640 on BSE after the stock turned ex-dividend today for a dividend of Rs 52.50 per share.
On May 5, 2014, the board of pharmaceutical company had recommended a dividend of Rs 52.50 per equity share of face value of Rs 2/- (i.e. @ 2625%) for the financial year ended March 31, 2014.
The dividend will be paid to the members between July 26, 2014 and July 30, 2014, it added.
The stock opened at Rs 653 and touched a low of Rs 638 so far. A combined 120,000 shares changed hands on the counter till noon deals on BSE and NSE.
On May 5, 2014, the board of pharmaceutical company had recommended a dividend of Rs 52.50 per equity share of face value of Rs 2/- (i.e. @ 2625%) for the financial year ended March 31, 2014.
The dividend will be paid to the members between July 26, 2014 and July 30, 2014, it added.
The stock opened at Rs 653 and touched a low of Rs 638 so far. A combined 120,000 shares changed hands on the counter till noon deals on BSE and NSE.