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Tetley dividend plan sweetens Tata Tea.
(From Business Line)
KOCHI, March 25. NEWS of a Rs 25.35-crore dividend inflow, courtesy Tata Tea's global operations, saw the stock gain strength on the bourses today. The stock ended the day at Rs 183.35, up 1.89 per cent with around 50,662 shares traded on the BSE. On the NSE the stock closed at Rs 183.15, up 1.86 per cent with around 1.2 lakh shares traded.
The board of Tata Tea (GB), a subsidiary of Tata Tea, which owns 100 per cent shares of the Tetley group Ltd, UK, has declared an interim dividend of 4 millions pounds.
Informed sources told Business Line that while the company had in the past hinted at a dividend inflow, the sheer size came …
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