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India's Mukesh Babu Financial raises dividend

India's Mukesh Babu Financial Services Ltd. raised its dividend for the fiscal year ended March 31.

The company declared a dividend of 1.20 rupees per share for the fiscal year, up from the prior fiscal year's dividend of 1 rupee per share.

The dividend payment is subject to approval from the company members.

As of Sept. 4, US$1 was equivalent to 71.47 Indian rupees.