The board is likely to meet over the next two weeks to decide on the payout, said one of the sources. Hindustan Zinc declined to comment. The special dividend, which translates into a payout of ₹14.2 per share for shareholders, will be in addition to the regular annual dividend.
SBI board approves fundraising of up to Rs 20,000 crore via bonds
State Bank of India’s board has approved raising Rs 20,000 crore through Basel III-compliant bonds, leading to a share price increase of over 2%. While