Diamond India Limited Declares 50 Percent Dividend
September 19, 19
(Press Release) - Diamond India Limited (DIL) held their annual general meeting at the Bharat Diamond Bourse on September 13 during which chairman Praveen Shankar Pandya declared a dividend of 50 percent to cheering shareholders. During the meeting, the chairman briefed shareholders about the company's financial results for FY 2018-19. He said the company has been able to garner 30 percent market share in supply of gold and silver to exporters. DIL is incorporated by about 50 diamantaires from India. The main object of the company is to procure rough diamonds. The company has also ventured into the bullion business and has become the top bullion supplier in India other than the banks. The company has won Best Nominated Agency awards for importing precious metals for the past four years.