MTNL pays Rs 35.43 cr dividend to government

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New Delhi, Oct 25 (UNI) MTNL today presented a cheque for Rs 35.43 crore towards 10 per cent balance of final dividend for the financial year 2006-07 to Minister of Communications and Information Technology A Raja.

In its 21st Annual General Meeting held on September 28, 2007, MTNL had approved payment of final dividend of 40 per cent (including 30 per cent interim dividend already paid) on the paid up equity capital of Rs 630 crore for the financial year 2006-07.

This entails an amount of Rs 63 crore in addition to Rs 189 crore already paid as interim dividend.

Of this, Rs 35.43 crore is payable to the Government towards it's Government's share in the shareholding of the company.

MTNL had paid dividend of 40 per cent last year also and during the last seven years, an aggregate amount of Rs 1,921.50 crore has been paid as dividend to all the shareholders out of which Rs 1,080.78 crore has been paid to the Government on their shareholding of 56.25 per cent in the company.

UNI

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