At the Annual General Body meeting held here, chief minister Oommen Chandy assured shareholders that they would get one additional rights share for every four shares they hold.
The AGM also accepted the decision to increase the borrowing limit of CIAL to Rs 1500 crore from the present Rs 300 crore. It also accepted the recommendation of the director board for 18 per cent dividend.
As part of its corporate social responsibility, CIAL will start a comprehensive drinking water distribution project for three panchayats in 2014-15, the chief minister said.
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