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India: Real estate companies dole out liberal dividends to promoters

Posted on 03 July 2012

The current crisis in the real estate market has not prevented listed companies in the sector from doling out handsome dividends for the fiscal year 2012 and helping their promoters make a killing even as companies struggled to pare debt.
According to an ET analysis, 26 listed companies- most having a 50% or more promoter holding-recommended an aggregate dividend of Rs 722 crore during the year. And the country’s biggest real estate firm, DLF, which has a total debt of Rs 22,725 crore, made for half the payout at Rs 339.7 crore. ……………………………………….Full Article: Source


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