UPL Limited, a leading global producer of speciality chemicals, on Friday said that its board has recommended a dividend at 400 per cent (i.e. Rs. 8 per equity share) on the equity shares of Rs 2 each.
“The Board of Directors of the Company at its meeting held on April 27, 2018, has recommended a dividend @ 400 per cent (i.e. Rs. 8 per equity share) on the equity shares of Rs 2 each, subject to approval of members at the ensuing Annual General Meeting,” UPL said in a filing to the Bombay Stock Exchange.
Meanwhile, shares of company closed trade at Rs 754.25 apiece, up 0.35 per cent, on the Bombay Stock Exchange.