look news india
New Delhi: Bajaj Holdings Group's two-wheeler manufacturing company Maharashtra Scooters on Tuesday gave its investors a chance to be happy. The company has announced bumper dividend. With this, investors are guaranteed good profits in the bullish market.
How many rupees dividend was declared?
Maharashtra Scooters said in a regulatory filing on BSE that the company's board of directors has declared a dividend of Rs 60 per share (600%) at the face value of Rs 10 for FY24.
What is dividend and record debt?
The company said the dividend date has been set for July 26 and/or July 27. Therefore the record date has been kept as June 28, 2024.
rise in shares
Amidst the news of dividend, there has been a strong rise in the shares of the company. At 3 pm, Aapsap shares were trading at Rs 8134 per share with a gain of 2.84 per cent. Earlier the share had reached the level of Rs 8172. On Tuesday it closed at Rs 7,909.05.
This Bajaj Holding group company serves the 2 and 3-wheeler industry. Manufactures and sells pressure dies, jigs, fixtures and components etc. for the vibration industry. Apart from auto components, the company has also expanded into telecom segment, generator segment, electrical vehicle segment and LED light parts. The company is a core investment company (CIC) with a minimum of 90 per cent of its assets invested in Bajaj Holdings and surplus in debt and other instruments.