Cochin Shipyard pays dividend of Rs 122 cr to govt

Image
Press Trust of India New Delhi
Last Updated : Aug 28 2018 | 4:20 PM IST

State-owned Cochin Shipyard Ltd (CSL) today said that it has paid a dividend of Rs 122.3 crore to the government on August 21.

"A dividend of Rs 12 per equity share was paid on the 10,19,52,000 fully paid equity shares of Rs 10 each held by the Government of India," the company said in a filing to BSE.

After the initial public offer of equity shares of the public sector undertaking (PSU), the centre holds 75 per cent in the equity share capital of CSL and the balance 25 per cent is held by the general public.

In addition, CSL has also contributed Rs 357.49 crore to the exchequer by way of value added tax, income tax, CST, customs duty, service tax, GST and dividend tax during 2017-18.

Shares of the company ended at Rs 425.50 apiece on BSE, down 0.89 per cent from yesterday's close.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 28 2018 | 4:20 PM IST

Next Story