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| Exchange Disseminated Time 24/05/2016 13:14:01 | Redington (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 24, 2016, inter alia, has transacted the following:
1. The Board of Directors given an in principle approval of the proposed merger of its wholly-owned Subsidiary Cadensworth (India) Limited with the Company with effect from April 01, 2016 under a scheme of amalgamation, subject to necessary statutory and other approvals.
2. The Board of Directors has recommended a dividend of Rs. 2.10 per Equity share of Rs. 2/- each (i.e., 105%) for the financial Year Ended March 31, 2016 (Previous Year Rs. 1.90 per Equity Share of Rs. 2/- each - i.e., 95%). |
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