Unitech Board recommends dividend of 12.5%

Unitech Ltd has announced that the Board of Directors of the Company at its meeting held on June 27, 2008, inter alia, has recommended a dividend of 12.5%, i.e. 25 paise per share on an equity share of Rs 2 each fully paid-up for the year ended March 31, 2008.The stock was trading at Rs.184.35, down by Rs.1.45 or 0.78%. The stock hit an intraday high of Rs.187.30 and low of Rs.174.The total traded quantity was 2679754 compared to 2 week average of 2827166.