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  • Business Standard

New dividend, bonus share policy to create value for Gujarat PSUs: Analysts

Shares of the listed public sector undertakings (PSUs) based in Gujarat gained up to 10 per cent on the BSE in Wednesday’s intra-day trade, after the Gujarat government on Tuesday announced a new policy for minimum level of dividend distribution and bonus shares to shareholders of listed companies and PSUs of the state.

Analysts believe the move though appears to be milking the companies for dividend, will eventually create shareholder value and improve the sentiment of these stocks at the bourses. Since these companies may not have immediate aggressive capital expenditure (capex) plans, the cash in their books can be put to good use, they said.

Read more at Business Standard

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