Hinduja Global Solutions declares third interim dividend of Rs150 per share for FY22, board nods bonus issue of 1:1; Stock hits 20% lower circuit

7 Jan 2022 , 03:15 PM

Hinduja Global Solutions board of directors have declared a third interim dividend of Rs150 per share (1500 %) (on an equity share of par value of Rs10 each) for the Financial year 2021-22. Also, the board has declared a bonus issue.

The company has fixed January 18, 2022, as the “Record Date” for the payment of this dividend. The dividend will be paid to the eligible Shareholders/Members on or before January 27, 2022;

Further, the board has approved the issue of new Equity Bonus Shares in the proportion of 1Equity Share of Rs10 each for every 1 existing Equity Share of Rs 10 each held by the Shareholders/Members of the Company as on the record date, subject to the approval of the Shareholders/Members and Statutory/Regulatory approvals, other approvals, consents, permissions, conditions and sanctions, as may be necessary.

At around 3.12 pm, the company’s stock was trading at the lower circuit of Rs2855.45 per piece down by Rs713.85 or 20% on Sensex. 

On the previous day, the company’s stock stood at Rs3569.30 per piece on Sensex.