India's Maruti to pay 1.5 rupees/share dividend

Newswire

NEW DELHI, May 22 (Reuters) - India's largest carmaker, Maruti Udyog Ltd, a unit of Japan's Suzuki Motor Corp , said on Thursday it would pay a 1.50 rupee dividend on each five rupee share for the financial year ended March 2003. The automaker, held 54.2 percent by its Japanese parent and poised for a public issue probably in June, said in a statement the dividend would mean a total payout of 427 million rupees ($9.12 million). Maruti, in which the Indian government also holds 45.54 ...

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