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Indian Card Clothing declares special interim dividend of Rs25 per share; stock zooms ~3%

The company further stated that July 8, 2022, will be the cut-off date for the purpose of payment of the Special Interim Dividend for the financial year 2022-23.

June 28, 2022 9:17 IST | India Infoline News Service
Indian Card Clothing Company Limited announced that the board of directors of the company in its meeting held on June 27, 2022, has declared a Special Interim Dividend for FY22-23.

The company stated that the board has approved a dividend of Rs25 per equity share of the face value of Rs10 each.

The company further stated that July 8, 2022, will be the cut-off date for the purpose of payment of the Special Interim Dividend for the financial year 2022-23.

Indian Card Clothing has further considered and approved the proposal for the acquisition of the balance 40% equity stake in Garnett Wire Ltd.

Post this development, the company’s counter was trading at Rs279.90 in today's early morning trade. It has registered an upside of 2.62% against its previous close of Rs272.75 on National Stock Exchange.

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