HOME   
   NEWS   
   BUSINESS   
   CRICKET   
   SPORTS   
   MOVIES   
   NET GUIDE   
   SHOPPING   
   BLOGS  
   ASTROLOGY  
   MATCHMAKER  


Search:



The Web

Rediff








Business
Portfolio Tracker
Business News
Specials
Columns
Market Report
Mutual Funds
Interviews
Tutorials
Message Board
Stock Talk
Press Releases



Home > Business > PTI > Report

Dabur may announce 125-150% dividend

May 15, 2003 16:24 IST

Dabur India is expected to announce the highest ever 125-150 per cent dividend as well as the swap ratio for the proposed demerger of pharma and FMCG businesses at its board meeting scheduled to be held in New Delhi on Friday.

The company is expected to announce over 25 per cent higher net profit for the fiscal under review on over five per cent sales growth, sources said on Thursday.

When contacted, group director corporate affairs at Dabur India P D Narang confirmed that the board will consider the scheme of demerger of the two businesses and if approved, the company would be filing the demerger proposal with the High Court on Monday next.

However, he declined to comment on the dividend figures expected to be announced at the meeting.

In January this year, Dabur India had announced plans to demerge the Rs 163 crore (Rs 1.63 billion) pharma business from the FMCG one so that each business can be provided better focus.

Post demerger, Dabur India would largely comprise the FMCG business including personal care, healthcare and ayurvedic specialities.

The pharmaceutical business would comprise allopathic and oncology formulations besides bulk drugs. Dabur Oncology, a subsidiary of Dabur India, would also be a part of the pharma business.

The new pharma company is expected to get listed on the country's stock exchanges after getting necessary regulatory approvals.



© Copyright 2003 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.





Article Tools

Email this Article

Printer-Friendly Format

Letter to the Editor



Related Stories


Dabur to consider demerger of pharma biz

HLL loses further ground

HLL Q1 seen in VAT shadow



People Who Read This Also Read


GTL, Singapore's Redington call

Jet seeks govt nod to fly abroad

ONGC to retail petrol, diesel







HOME   
   NEWS   
   BUSINESS   
   CRICKET   
   SPORTS   
   MOVIES   
   NET GUIDE   
   SHOPPING   
   BLOGS  
   ASTROLOGY  
   MATCHMAKER  
© 2003 rediff.com India Limited. All Rights Reserved.