TVS Motor declares second interim dividend

Two and three wheeler manufacturer TVS Motor today declared the second interim dividend of Rs 1.50 per share (150 per cent) for the financial year 2015-16.

"...Has declared second interim dividend at the rate of Rs 1.50 per share (150 per cent) on 47,50,87,114 equity shares, absorbing Rs 85.07 crore, including dividend distribution tax", the city-based company said in a regulatory filing.

The interim dividend would be paid on or after March 23, 2016, it said.