Ranbaxy shareholders okay dividend of Rs 2/ shr

Drug major Ranbaxy Laboratories today said its shareholders have approved payment of dividend of Rs 2 per share for the year ended December 31, 2010.

The annual general meeting (AGM) held today approved the appointment of Arun Sawhney as the managing director of the company for a period of three years effective August 20, 2010, Ranbaxy said in a filing to the Bombay Stock Exchange (BSE).

The shareholders have also approved the appointment of Sawhney as a director of the company who was earlier appointed as an additional director effective August 20, 2010 and whose term as additional director expired today, it added.

 

The AGM also approved the appointment of Akihiro Watanabe and Anthony H Wild as directors of the company who were appointed as directors effective December 19, 2008 and whose terms expired at the annual general meeting.

Shares of Ranbaxy Laboratories today closed at Rs 441.75 on the BSE, up 2.45% from its previous close.