ABSTRACT
Chemical industry is one of the oldest industries in India with an estimated size of around US$30billion. India is the third-largest producer of chemical in Asia and the twelfth-largest producer in the world. It contributes about 13 percent share in the manufacturing sector and around 5 percent in total exports of the country. The company is one of the largest chemical companies in India and a part of Tata Group. The dividend trend of the units has been examined for all the dividend payments by them during the period. The FCCB holders are entitled to a right to convert their holdings into equity shares of the company on or after 16 January 2008. Furthermore, those FCCB holders who opt for conversion after the record date are, under the terms on which the FCCBs were offered, entitled to a proportionately higher number of equity shares as if the conversion had taken place prior to the record date.
