The Board of Reliance Capital on Monday approved a special dividend of 50% for shareholders on the completion of 25 years of the financial services arm of the Anil Ambani group. “The Board of Directors of the company met and approved a special interim dividend of 50%,” Reliance Capital said in a BSE filing. The special interim dividend will be paid to the shareholders of the company on or before October 10, 2012, the company said.
It is in addition to 75% dividend already paid. Ambani, the R-Cap Chairman, had announced in the AGM recently that the Board of Reliance Capital would be considering a special interim dividend. Shares of the company were trading flat at R337.10 in the late Monday afternoon trade on the BSE.