ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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BHEL s Wonderland Accounting

Maiden at Five? Ottuketkal writes : COMMENDING the Rs 6.71 crores public issue (Rs 2,58 crores in ordinary and Rs 4.12 crores in preference shares) of Ztiari Agro Chemicals, the chairman of the company, K K Birla, confidently informed the Press that the company would pay a maiden dividend in the second or third year after its plant is commissioned. Since the plant is slated to be commissioned in July 1972, this would mean that shareholders can reasonably expect a maiden dividend for 1975. Subscribers to the issue, have thus to wait for just five or six- years, a prospect that has contributed to the as-yet-unissued ordinary shares being unofficially quoted at a premium of Rs 3.10 in Bombay.

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