(F.P)
Based on the current shareholding of the government of India (51.45 per cent), a dividend of Rs 1,142.29 crore shall be paid to the government and Rs 1,077.90 crore to other shareholders. State-owned gas utility GAIL (India) Ltd has declared a second interim dividend of 50 percent (Rs 5 per share) for the current fiscal year ending March 31, 2022. The total dividend payout will be Rs 2,220.19 crore with a record date of March 22, the company said in a statement.
“The decision (to issue dividend) was taken by the board of directors of GAIL, a Maharatna CPSE under the Ministry of Petroleum & Natural Gas, at their meeting here on March 11,” it said. For the current fiscal 2021-22, GAIL has already declared an interim dividend of Rs 4 per share to its shareholders in December 2021. The two interim dividends total Rs 9 per equity share (90 per cent on the paid-up equity share capital). Total dividend payout is Rs 3,996.35 crore. Based on the current shareholding of the Government of India (51.45 per cent), a dividend of Rs 1,142.29 crore shall be paid to the government and Rs 1,077.90 crore to other shareholders.
