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POWERGRID pays interim dividend of Rs. 210.45 Crore
New Delhi, March 21, 2008
| Power Grid Corporation of India Limited (POWERGRID)
has paid an interim dividend of Rs.176.68 Crore, for the
financial year 2007-08.
Dr. R.P. Singh, CMD, POWERGRID handed over the interim
dividend cheque to Sh. Sushilkumar Shinde, the Hon’ble
Union Minister of Power in the presence of senior
officials of the Ministry of Power and POWERGRID Board
members. |
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POWERGRID has been consistently paying dividend to the
Government of India for more than a decade. POWERGRID came out
with an IPO in September’07 comprising fresh issue of 10% of
its share capital coupled with a disinvestment of 5% of its
share capital on behalf of Govt. of India. Its shares got
listed on 5th October’07. With this listing, about 13.64% of
its equity shares of 4208 million are with the public.
The company has close to 11 lac shareholders and 5% of
interim dividend on the share capital is being distributed to
all the shareholders existing as on 11.03.2008. The total
interim dividend being distributed is to the tune of Rs.210.45
Crore.
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