dividend distribution tax as well as tax in the hands of recipient is becoming a deterrent. Many companies might probably see a similar kind of an approach vis-à-vis dividend distribution. This is one company which has larger amount of business to talk about with the integration of seed business into agrichemicals. At the same time the focus of the company is going into the direction of getting into some of the speciality chemicals. Up till now, the restriction has created a a premium on the HDFC Bank stock price.

Source: Economic Times February 21, 2017 04:58 UTC