Reliance Capital declares 50% special dividend

The Board of Reliance Capital today approved a special dividend of 50% for shareholders on the completion of 25 years of the financial services arm of the Anil Ambani group.

The Board of Reliance Capital today approved a special dividend of 50% for shareholders on the completion of 25 years of the financial services arm of the Anil Ambani group.

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"The Board of Directors of the company met today and approved a special interim dividend of 50%," Reliance Capital said in a BSE filing.

The special interim dividend will be paid to the shareholders of the company on or before October 10, 2012, the company said.

It is in addition to 75% dividend already paid.

Ambani, the chairman, had announced in the AGM recently that the Board of Reliance Capital would be considering a special interim dividend.

Shares of the company were trading flat at Rs. 337.10 in late afternoon trade on the BSE.