Sun Pharmaceutical Industries Ltd. approved on Wednesday an interim dividend of Rs 8.5 per share for the current financial year.
In a meeting, the board of directors set Feb. 9 as the record date for the interim dividend. The dividend will be paid to eligible shareholders on or before Feb. 23, according to an exchange filing.
The pharmaceutical major paid a Rs 7.5-per-share interim dividend in the last fiscal.
The announcement came after the drugmaker's consolidated net profit rose 17% to Rs 2,524 crore in the December quarter, in line with estimates.
Shares of Sun Pharma closed 3.42% higher at Rs 1,418.50 apiece on the BSE, compared to a 0.86% advance in the benchmark Sensex.
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