The director board of ABB India Limited recommended an interim dividend of Rs4.80 per share on 21,19,08,375 equity shares of face value of Rs2 each fully paid-up for the year ended 31-Dec-2018, the company said in a regulatory filing on Friday.
The 69th AGM of the company is scheduled on May 8, 2019 in Bangalore. If the resolution to pay the dividend is finalized during the meeting, the same will be paid on and from May 10, 2019 to those eligible members, depending upon the criteria set by the company.
On the earning front, ABB India had reported net sales of Rs1966.32-Cr during the period ended Dec 31, 2018 v/s to Rs1708.75-Cr on year-on-year basis.
On Friday, the share price of ABB India Limited closed at Rs1240.50 up by near 1 percent on the BSE and NSE