Hindustan Zinc in focus on turning ex-dividend

Shares of Hindustan Zinc turn ex-dividend today, 6 April 2016 for special dividend of Rs 24 per share for the year ended 31 March 2016. Before turning ex-dividend, the stock offered a dividend yield of 12.83% based on the stock's closing price of Rs 187.05 on the BSE yesterday, 5 April 2016. It may be recalled that the company's board of directors at a meeting held on 30 March 2016, declared a special golden jubilee dividend of Rs 24 per share for the financial year ended 31 March 2016.

Lupin said it appointed Dr. Kurt Nielsen as President of Lupin - Somerset. Kurt will be responsible for overall operations of the Gavis-Novel Somerset business and will be based out of Somerset, New Jersey. With the successful closure/completion of the Gavis acquisition earlier this month, Lupin now has the 5th largest Abbreviated New Drug Application (ANDA) pipeline pending approval with the US Food and Drug Administration putting it in a formidable position in the US, making this role critical to the overall growth and expansion of the company, it added. The announcement was made after market hours yesterday, 5 April 2016.

Havells India said that credit ratings agency, CARE, has upgraded its rating on the company's long-term bank facilities to CARE AAA (Triple A). Further, CARE has reaffirmed its rating on the company's short-term bank facilities to CARE A1+ (A One Plus). The announcement was made after market hours yesterday, 5 April 2016.

ABG Shipyard said that its board of directors will meet on 8 April 2016 to discuss general corporate issues, strategy for induction of strategic investor/partner and authorize monitoring institution on behalf of corporate debt restructuring (CDR) lenders to appoint investment banker to identify a strategic investor/partner, etc. The announcement was made after market hours yesterday, 5 April 2016.

Kalpataru Power Transmission said that its listed subsidiary, JMC Projects (India), has received second provisional certificate (provisional commercial operation date) to start operations of toll plaza - 2 of Rewa-MP / UP Border (NH-7) road project of its wholly owned subsidiary, Vindhyachal Expressway. The project is now fully operational on full toll length basis. Further, tolling operation of its jointly controlled entity namely Kurukshetra Expressway has been fully restored to its normalcy since last month. The announcement was made after market hours yesterday, 5 April 2016.

GM Breweries' board of directors at its meeting held yesterday, 5 April 2016, has recommended a bonus issue of shares in the ratio of 1:4 i.e. one bonus share for every four shares held. The announcement was made after market hours yesterday, 5 April 2016.

Indosolar said that its board of directors will meet on 8 April 2016 to consider of change in the terms of 95 lakh zero coupon non cumulative non-convertible redeemable preference shares to 95 lakh compulsorily convertible preference shares. The announcement was made after market hours yesterday, 5 April 2016.

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