You are here: Home » PTI Stories » National » News
Business Standard

Britannia Industries shares rise over 3 pc on dividend announcement

Business Finance

Press Trust of India  |  New Delhi 

Shares of Britannia Industries on Friday jumped over 3 per cent after the company declared an interim dividend Rs 35 per equity share of face value of Re 1 each.

The scrip rose 3.23 per cent to Rs 3,043.60 on the BSE, and it climbed 3.47 per cent to Rs 3,049.90 on the NSE.

The board of the company in a meeting declared "interim dividend at 3,500 per cent - Rs 35 per equity share of face value of Re 1 each - for the financial year 2019-20," Britannia Industries said in a regulatory filing on Thursday.

The maker of Good Day and Tiger biscuits said that the record date for the purpose of determining the entitlement of the shareholders for the interim dividend is May 2, 2020.

The interim dividend will be paid to the shareholders before May 23, 2020.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, April 24 2020. 10:52 IST