Date:12/02/2005 URL: http://www.thehindubusinessline.com/2005/02/12/stories/2005021202630201.htm

Back Jindal merged co interim

Our Bureau

MUMBAI: The board of the merged entity of Jindal Iron and Steel Company (Jisco) and Jindal Vijaynagar Steel Ltd (JVSL) has declared an interim dividend of 30 per cent.

Following the merger and good performance of the merged entity for the nine-month period ended December 2004, the board decided to offer the dividend. The share swap ratio was 1:1 for Jisco shareholders and for JVSL it was 1:22.78.