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Outcome of board meeting of Titagarh Wagons

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Capital Market
Last Updated : Aug 13 2015 | 11:33 AM IST

Held on 12 August 2015

Titagarh Wagons announced that the Board of Directors of the Company at its meeting held on 12 August 2015, inter alia, has:

1. Approved in-principle, merger of some of the subsidiaries including, Titagarh Marine (TML) with the Company subject to necessary compliances in this regard and authorised the Merger & Acquisition Committee to get a detailed Scheme and other data prepared on the subject for further consideration of the matter; and

2. Recommended dividend at the rate of 40% on the Equity Shares of Rs. 2/- each fully paid up subject to declaration by the shareholders at the ensuing Annual General Meeting.

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First Published: Aug 13 2015 | 10:41 AM IST

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