Modison Metals announces interim dividend of 150%; stock plunges over 11%

The company ended the day at Rs46.80 apiece on the BSE down by 11.70%.

February 03, 2021 4:36 IST India Infoline News Service

Modison Metals has declared the interim dividend on its shares for FY21.

The company vide a regulatory filing said that the board has declared an interim dividend of 150% ie Rs1.50 apiece on equity shares of Rs1/- each.

It added that February 13, 2021 has been decided as the record date for the purpose of the payment of the interim dividend.

Despite this, the company ended the day at Rs46.80 apiece on the BSE down  by 11.70%.

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