PI Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 12, 2014, inter alia, has
1. declared payment of Interim Dividend @50% i.e. Re.0.50 per equity shares of Re.1/- each for the financial year 2013-14.
2. approved the draft scheme of amalgamation between Parteek Finance & Investment Co. Ltd., (which is the holding company of PI Industries Ltd.) and PI Industries Ltd., subject to requisite regulatory approvals. Under this scheme, there would be no change in the promoters shareholding of the Company.
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