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Nippon Life India Asset Management informs about outcome of board meeting

24 Apr 2024 Evaluate
Nippon Life India Asset Management has informed that the board of directors of Nippon Life India Asset Management (Company) at its meeting held today has, transacted the following items of business: it enclosed a Statement of Audited (Consolidated and Standalone) Financial Results for the quarter and financial year ended March 31, 2024 along with Audit Reports submitted by the Statutory Auditors of the Company. Also informed the 29 th Annual General Meeting (AGM) of the Company will be held on Friday, July 12, 2024; The Board has also recommended a final dividend of Rs. 11.00 per Equity Share of Rs 10 each for the financial year ended March 31, 2024, for the approval of the shareholders at the ensuing Annual General meeting. With this the total dividend for the financial year 2023-24 would be Rs 16.50 per Equity share, including the interim dividend of Rs. 5.50 per equity share distributed in November 2023. The record date to determine those shareholders who will be eligible to receive the payment of final dividend, subject to shareholder’s approval, will be Friday, June 28, 2024. The payment date for final dividend will be on and from July 16, 2024. A duly completed Form being intimation of the Record Date is enclosed as Annexure A. This information will also be hosted on the Company’s website, at https://mf.nipponindiaim.com.

The above information is a part of company’s filings submitted to BSE.

Nippon Life India As Share Price

1139.80 52.25 (4.80%)
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