Trent Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 17, 2009, inter alia, has approved the following:
1. Recommended payment of Dividend @ 55% i.e. Rs 5.50 per share on 195,32,896 Equity Shares of Rs 10/- each if approved by the shareholders.
2. Approved a scheme of amalgamation of Satnam Developers & Finance Pvt. Ltd (100% subsidiary of the Company) and Satnam Realtors Pvt. Ltd (a joint venture in which Satnam Developers & Finance Pvt. Ltd holds 50% shares) with Trent Ltd with effect from April 01, 2009 subject to requisite approvals.
3. The Board of Directors has granted 21,825 Stock Options to its management employees including the Managing Director and the employees of its subsidiaries under its Employees Stock Options Scheme.
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