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Prudential ICICI Changes Provisions on its Floating Rate Plan


Prudential ICICI has brought about the following change in its Floating Rate Plan with effect from August 16, 2004.

Introduction of Daily Dividend Option

In addition to the present fortnightly dividend under the Dividend Option, the Trustees may also approve the distribution of daily dividend under all the three Options (A, B and C) under the scheme, as recommended by the AMC, out of the net surplus under the Dividend Option.