Ingersoll-Rand (India) zooms 20% on special dividend of Rs 202 per share

Shares of Ingersoll-Rand (India) are locked in upper circuit of 20% or by Rs 142 at Rs 854 per share on the BSE after the company said its board declared a “special dividend” of Rs 202 per equity share as second interim dividend for the financial year ended March 31, 2018 (FY18).

The record date for the payment of the special dividend is May 25, 2018 and the dividend will be paid on June 8, 2018.

The board also recommended a final dividend of Rs 3 per share, taking total dividend of Rs 208 for the FY18. The