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Outcome of board meeting of Granules India

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Capital Market

Held on 28 January 2016

Granules India announced that the Board of Directors of the Company at its meeting held on 28 January 2016, inter alia, has:

1. Declared third interim dividend of 15 paise per share of face value of Re. 1/- each representing 15% of paid-up capital for the financial year 2015-16.

2. Approved further investment of USD 1.8 mn by way of debt/equity in Granules Pharmaceutical Inc., a wholly owned foreign subsidiary of the Company.

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First Published: Jan 28 2016 | 1:21 PM IST

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