India-based Repco Home Finance Ltd. raised its dividend for the fiscal year ended March 31.

The company's board recommended a dividend of 2.20 rupees per share, up from 2 rupees in the prior-year period, according to an Aug. 13 annual report.

Subject to shareholder approval, the dividend will be paid on or before Oct. 25.

As of Aug. 13, US$1 was equivalent to 69.99 Indian rupees.