Date:13/05/2005 URL: http://www.thehindu.com/2005/05/13/stories/2005051304551602.htm

Business - Briefly

1:1 bonus from Havells India

MUMBAI: Havells India has recommended a dividend of 50 per cent (Rs. 2.50 per share on equity share of Rs. 5 each) for 2004-05. The board has also recommended the issue of bonus shares in the ratio of one share for every equity share held. The company has decided to convene the annual general meeting in July, says a Bombay Stock Exchange release.