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Mahindra & Mahindra Board recommends Dividend of 115%

Mahindra & Mahindra Ltd has announced that the Board of Directors of the Company at its meeting held on May 28, 2008, inter alia, has recommended a Dividend of 115% aggregating Rs 11.50 per Ordinary (Equity) Share of the face value of Rs 10 each.

The 62nd Annual General Meeting of the Company will be held on July 30, 2008.

The stock was trading at Rs.641.60, down by Rs.2.95 or 0.46%. The stock hit an intraday high of Rs.653 and low of Rs.626.15.

The total traded quantity was 119280 compared to 2 week average of 63207.

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