Bringing more cos under dividend payout policy a bonus for investors

Last month, Bajaj Auto made changes to its dividend policy stipulating dividend distribution of up to 90 per cent when the surplus cash is over Rs 15,000 crore; up to 70 per cent in case of a surplus of Rs 7,500-15,000 crore and up to 50 per cent if the surplus is below Rs 7,500 crore.

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