Gujarat Gas rises after board announces interim dividend

Board announces an interim dividend of Rs 7/share to be paid on Oct 22

Shares of Gujarat Gas Company were up over 4% at Rs 310 after the company late Tuesday annouced an interim dividend for the current financial year.

The board of directors, at its meeting held on September 25, has announced an interim dividend of Rs 7 per equity share of face value Rs 2 each, the company said in a release to the Bombay Stock Exchange.

The interim dividend will be paid/dispatched to the shareholders on October 22, 2012, the release added.

Over 160,000 shares were traded on both the stock exchanges so far.