Gammon India Board recommends final dividend of 25%

Gammon India Ltd has announced that the Board of Directors of the Company at its meeting held on June 30, 2008, inter alia, has recommended a final dividend @ 25% for the year 2007-08, subject to the approval of the shareholders.The Stock closed the day at Rs.213.95, down by Rs.29.30 or 12.05%. The stock hit an intraday high of Rs.247.70 and low of Rs.211.The total traded quantity was 34218 compared to 2 week average of 23848.