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Home News Hindustan Zinc rallies 3% on massive Rs 13,985 crore dividend

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Hindustan Zinc rallies 3% on massive Rs 13,985 crore dividend

Hindustan Zinc rallies 3% on massive Rs 13,985 crore dividend

Thursday, March 23, 2017, 10:57 AM

Shares of Anil Agarwal-led Hindustan Zinc jumped over 3% in Thursday’s trade after the company announced a massive Rs 13,985 crore special one-time dividend (including dividend distribution tax). Hindustan Zinc during this financial year will be Rs 27,157 crore including DDT, which is perhaps among the largest dividend outflows by any company in India in a single financial year, ET said in a note.
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