Indian newsprint producer Emami Paper's board of directors recommends dividend of 60 rupees per share on equity shares of 2 rupees each, as well as pro-rate dividend on 8% preference shares of 100 rupees each, for financial year 2013-2014

Debra Garcia

India , April 25, 2014 (Dion Global Solutions Ltd.) – Emami Paper Mills, India's largest newsprint manufacturer, on Friday announced that the board of company has recommended a dividend of Rs 0.60 per share on equity shares of Rs 2 each.

"The Board of Directors of the Company at its meeting held on April 25, 2014, has recommended a dividend of Rs 0.60 per share on equity shares of Rs 2 each," Emami Paper Mills said in a filing to Bombay Stock Exchange.

Adding to it, the board has also recommended pro-rata dividend on 8 per cent preference shares of Rs 100 each from the respective date of allotment for the financial year 2013-14, the company said in filing.

Meanwhile, shares of company closed trading at Rs 26.75 a piece, down 7.92 per cent from previous close on BSE. Published by HT Syndication with permission from Dion Global Solutions Limited. For any query with respect to this article or any other content requirement, please contact Editor at htsyndication@hindustantimes.com

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