Reliance Finance (RLFL) proposes a dividend of 15.79 percent for FY 2077/78.

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For fiscal year 2077/78, Reliance Finance Limited (RLFL) has recommended a dividend of 15.79 percent.

On Poush 02, the of directors decided to disburse the dividend on the paid- capital of Rs. 91,56,57,669 at a meeting. The proposal is for 15% bonus shares worth slightly than Rs 13.73 and 0.79 percent cash dividend (including tax) worth Rs 72.28 lakhs.

The dividend will be paid only if the central bank has approved it and the company’s future AGM has approved it. RLFL currently has an LTP of Rs. 446.

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