TVS Motor today said its board has approved second interim dividend of Rs 1.25 per share for the fiscal ending March 31, 2017, entailing an outgo of Rs 71 crore.
The company’s board, which met today, declared second interim dividend for the financial year ending March 31, 2017 at the rate of Rs 1.25 per share (125 per cent) on 47,50,87,114 shares of Re 1 each absorbing a sum of Rs 71 crore, TVS Motor Company said in a regulatory filing.
The dividend will be paid on or after March 18, 2017 to shareholders, it added.