Mold-Tek Packaging declares interim dividend of Rs. 2

The board of Mold-Tek Packaging declared an interim dividend at the rate of 40 per cent, amounting to Rs. 2 per equity share.

The company has fixed the record date to determine the eligibility of shareholders for receiving dividend as May 10, 2019. The same shall be paid in the period between May 15 to May 31, 2019.

Mold-Tek Packaging is a prominent player in rigid plastic packaging in India. It is engaged in the manufacturing of injection molded containers for products such as lubes, paints, food and other products. It operates seven processing plants and has a substantial injection molding capacity of around 20,000 TPA.

On Thursday, the shares of Mold-Tek Packaging opened at Rs. 253.95 and hit a high and low of Rs. 260.85 and Rs. 244.70, respectively. The stock closed at Rs. 245.00, down 1.35 per cent.