Date:25/08/2007 URL: http://www.thehindubusinessline.com/2007/08/25/stories/2007082550810200.htm

Back 150% special interim from DSCL

New Delhi, Aug. 24

DSCL Limited today announced a special interim dividend of 150 per cent on equity shares having a face value of Rs 2 each. The total outgo for the interim dividend will be Rs 58.23 crore including a dividend distribution tax of Rs 8.46 crore. The special interim dividend follows the recently announced sale by the company of its 50 per cent rights, title and interests in SBM Land Redevelopment Project for Rs 837.50 crore, according to a company release.

While the major proportion of the funds are being utilised to fund future growth projects and strengthen the company's balance sheet, the dividend distribution is in line with the company's philosophy of sharing value with its shareholders, rewarding them for their continuous support and encouragement, a statement said.-Our Bureau