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Balaji Tele charges up on interim payout

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Balaji Tele charges up on interim payout

The Balaji Telefilms counter was in the spotlight yesterday on news that the company has approved a special interim dividend of Rs 16 per share for FY 2005.

The counter hit a high of Rs 130.85 before closing at Rs 120.50, up 10.50 per cent over its previous close. More than 11.30 lakh shares were traded on the BSE.

The company informed the Bombay Stock Exchange that the board of directors of the company at their meeting held on December 30, 2004, has declared interim dividend of Rs 16 per share (800 per cent on an equity share of paid up value of Rs 2) aggregating to Rs 824.30 million out of the profits of the company.

The record date for the payment of interim dividend will be January 6, 2005 and that the interim dividend will be paid to the shareholders on and from January 25, 2005.


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