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HUDCO AGM approves Rs 1.50 final dividend and up to Rs 70,000 cr bond plan

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Sig3.62Sen+3.20Env0.00Soc0.00Gov+1.65

HUDCO’s 56th AGM considered audited standalone and consolidated financial statements for FY ended March 31 and various board and auditor reports. Shareholders approved a final dividend of 15% (Rs 1.50 per equity share) and confirmed interim dividends already paid. The AGM also authorized auditor remuneration and cleared a proposal to raise up to Rs 70,000 crore via private placement of non-convertible bonds or debentures.

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