Nagarjuna Construction plans dividend, stock split

The board of Nagarjuna Construction Company, at its meeting held on May 16, 2005, has recommended an equity dividend of 60% (40% previous Year) subject to the shareholders approval.

According to a release issued by Nagarjuna Construction to the BSE, the company is also planning a sub-division of equity shares of Rs 10/- each into 5 equity shares of Rs 2/- each.