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At the Board Meeting held today, the Unaudited Financial Results alongwith the Segmentwise Revenue, Results and Capital Employed for the 3rd quarter ended on 30th June, 2003 were taken on record by the Board of Directors.
An Interim Dividend of 35% (Rs.3.50 per Equity Share of Rs.10 each) was declared by the Board of Directors.
At the Board Meeting held today, the Board of Directors approved the Scheme of Arrangement for the amalgamation of Siemens Building Technologies Pvt. Ltd. (SBT) with Siemens Ltd. This transaction is subject to approvals of the Shareholders and all other necessary approvals.
At the Board Meeting held today, the Board of Directors decided to increase the Company’s holding in Siemens Information Systems Ltd., Mumbai from 74.8% to 100%, by acquiring 25.2% Equity stake (i.e.1,715,000 Equity Shares of Rs.10 each) of Siemens Nixdorf Informationssysteme GmbH, Germany for a total consideration of Rs.800 Million. This transaction is subject to all necessary approvals.
At the Board Meeting held today, the Board of Directors took on record the audited Financial Results for the year ended on 30th September, 2002 and recommended a final dividend of 25% on Equity Shares for the financial year ended on 30th September, 2002. The total dividend for the financial year 2001- 02 works out to 55% (including interim dividend of 30%).
(Please visit Quarterly Results for viewing the Financial Results)