Company Overview and News
The information displayed herein is uploaded by the concerned Company. The said uploaded information is displayed without any verification of adequacy, accuracy and veracity. The Exchange in discharge of its role of dissemination of uploaded information on this website immediately on its receipt. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information. (15-0)
Paints and coatings maker Akzo Nobel India on Monday reported 35.77 per cent decline in standalone net profit at Rs 41.27 crore for the April-June quarter impacted by slow sales growth and higher input cost.
Paints major Akzo Nobel India’s parent PPG Industries Inc has raised their bid for Akzo Nobel NV by around 8 per cent a share. The company has submitted a revised proposal for the proposed merger plan, which is now valued at around €26.9 billion.
There are 88 companies that can pay about ₹27,600 crore in dividends, proxy advisor IiAS has found, based on its study of the FY16 financials of BSE 500 companies. This is higher than the amount of ₹21,300 crore IiAS identified in its 2016 study (based on FY15 financials). “We believe SEBI’s requirement of an articulated dividend policy will force companies to think more deeply about dividend payouts,” the advisory said.
As many as 88 listed companies can pay dividends worth Rs 27,600 crore but many continue to hold cash stockpile, according to proxy advisory firm IiAS.
Akzo Nobel India rose 1% to Rs 1,391.05 at 14:09 IST on BSE after the company said it inaugurated a specialty coatings production facility and colour laboratory in Noida, Uttar Pradesh.
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.