The Board has additionally declared an interim dividend of Rs 4.50 per fairness share (i.e., 450 per cent) on the paid-up fairness share capital of the corporate.
Shares of CESC fell almost 3 % on the open on January 20, a day after the facility utility firm reported a ten % decline in consolidated internet revenue for the December quarter.
At 9.30 am, the inventory was buying and selling at Rs 139.15 on the Nationwide Inventory Change.
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CESC Ltd reported a ten % YoY decline in consolidated internet revenue at Rs 301 crore attributable to larger bills. Complete revenue rose to Rs 3,301 crore from Rs 3,224 crore for the year-ago quarter.
The Board has additionally declared an interim dividend of Rs 4.50 per fairness share. In keeping with the submitting, the file date to determine the eligibility to obtain the interim dividend is February 1.
Additionally learn: CESC Q3 internet revenue falls 10% to Rs 301 crore: declares Rs 4.5 per share interim dividend
On December 29, CESC advised exchanges that it acquired board’s approval for “allotment of 10,000 secured, unlisted, redeemable, rated non-convertible debentures having a face worth of Rs 1,00,000 every aggregating to Rs 100 crore on a personal placement foundation to Axis Financial institution Restricted.”
Over the past six months, CESC have gained 91 %.
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