Divided over dividend

Losses at a standalone level meant no dividend for Tata Motors shareholders this year. Some of them openly expressed disappointment at a recent annual general meeting even as one of them tried drawing the attention of Wadia Group Chairman Nusli Wadia, who is on the Tata Motors board. "Why don't you advise them (Tata Motors management) on this," he asked. "Britannia's share price is at Rs 3,500. On the other hand, we do not have dividend this year and the share price is also disappointing," he rued. "It (dividend) will come, have patience," came Wadia's quick response.