Gitanjali Gems Board recommends final dividend of 18%

Gitanjali Gems 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 of 18% i.e. Rs 1.80/- per share on 85,062,883 equity shares of Rs 10/- each subject to the approval of the shareholders at the ensuing Annual General Meeting of the company.The Stock closed the day at Rs.248.35, down by Rs.6.40 or 2.51%. The stock hit an intraday high of Rs.259 and low of Rs.240.40.The total traded quantity was 73873 compared to 2 week average of 67934.