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Coal India turns ex-dividend, stock down-news15032012


Coal India declined over 3% and touched day’s low of Rs336.45, after the stock turn ex-dividend today, So far, 1.93 lakh shares have traded on the BSE as against the two-week average volume of 3.67 lakh shares.

Detailed story

The state-owned coal company has fixed March 17, 2012 as the Record Date for the purpose of payment of interim dividend on equity shares for FY12.

The board of directors of the company at its meeting held on March 12 had approved payment of interim dividend for FY12 at Rs9.50 per share of the face value of Rs10.

A combined 60,000 shares have changed hands on the counter on opening deals on both the exchanges.

....more info



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