Hinduja Global zooms ~2% as board approves dividend of Rs25

30 May 2022 , 10:18 AM

Hinduja Global Solutions Limited has informed the exchanges and investors that the company has approved the audited standalone and consolidated financial statements for the financial year ended March 31, 2022.

In the same meeting, the board of directors also recommended a dividend of Rs25 per equity share (250%) on an equity share having a face value of Rs10 each for FY22.

However, the dividend is subject to the approval of shareholders.

If approved by the Shareholders, the dividend will be paid (subject to deduction of tax at source) within a period of 30 days of approval at the AGM. The book closure date will be intimated, separately.

The company has earlier paid four interim dividends aggregating to Rs195 per equity share during the financial year ended March 31, 2022. Thus, the total dividend for the year ended March 31, 2022, is Rs245 per equity share of Rs10 each, on pre bonus basis.

The company has also allocated a fund of Rs1,000 crore for the proposed buyback subject to the availability of Audited Financials for the year ended March 31, 2022.

Hinduja Global Solutions is currently trading at Rs945.95 up by Rs19.65 or 2.12% from its previous closing of Rs926.30 on the BSE. The scrip opened at Rs963 and has touched intraday high and low of Rs974.60 and Rs933 respectively.