Zurich MF declares two dividends in a year
Zurich India Mutual Fund has declared a dividend of Rs 2 per unit under the Dividend Plan of Zurich India Prudence Fund and Rs 2 per unit under the dividend Plan of Zurich India Equity Fund an open ended growth scheme. The fund has also declared a Rs 5 per share dividend in its close-ended ELSS scheme, Zurich India Taxsaver fund. Incidentally, the fund had also declared dividends in August 1999. Zurich India equity fund had declared a dividend of 16 per cent and the Prudence fund had declared 20 per cent. The corresponding dividend for taxsaver was 36 per cent.HCLT fixed price portion opens today
HCL Technologies Limited will open the fixed price portion of its IPO consisting of 1,420,000 equity shares, for subscription on Friday. The issue will close on December 14, 1999. The shares are being offered at Rs 580 per share and the proceeds of the fixed price portion of the issue will amount to Rs 82.3 crore. This constitutes 10 per cent of the total public issue of 14,200,000 fresh equity shares, a company release said.
Skindia GDR index down 2.78 %
The Skindia GDR index decreased by 2.78 per cent from 1100.68 to 1070.11 on December 8, 1999 as per the Skindia GDR index with a base January 3, 1995 equal to 1000. The Skindia GDR index P/E ratio was 86.36 as compared to 92.83 Skindia Finance said in a press release.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.