Prestige Estates Projects board recommends first & final dividend

29 May 2012
Prestige Estates Projects has informed that the Board of Directors of the Company at its Meeting held on May 28, 2012, recommended  first & final dividend at the rate of 12% on the equity shares of the Company for the financial year ending March 31, 2012.

Further the Board, in its the meeting has approved the investments to be made and loans, guarantees, securities to be provided to Subsidiary and other Group Companies under Section 372A of Companies Act, 1956 and has also approved to conduct postal ballot in order to take approval of members as prescribed under Section 192A of the Companies Act, 1956.
 
The Company has also subscribed for 25,39,980 Optionally Fully Convertible, Non-cumulative, Redeemable Preference Shares (OFCNRPS) of Rs. 10 each of Prestige Leisure Resorts Private Limited at a premium of Rs.72.68 per share.
 
The above informations are part of company’s filing submitted to the BSE.

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