Sanofi India zooms ~1% as board approves dividend of Rs490 per share

24 Feb 2022 , 10:56 AM

In its regulatory filing, Sanofi India Ltd., a leading pharmaceutical company, has announced that the company’s board has approved a total dividend of Rs490 per equity on the share of Rs10 each.

The company’s Board has approved to pay a final dividend of Rs181 per equity share of Rs10 each for the year ended 31st December 2021 and a special dividend of Rs309 per equity share of Rs10 each for the year ended 31st December 2021, after considering the slump sale and transfer of Company’s nutraceuticals business during the year and reviewing the cash requirements for the Company’s operations.

Post this announcement, Sanofi India’s stock jumped 1.16% or Rs84.45 so far in today’s trade. At around 10.55 AM, it was trading at Rs7,364.85 against its previous closing price of Rs7,280.40. It touched day’s high of Rs7,347.45 and a low of Rs7,159 so far.