Mumbai-based data know-how firm Majesco on Tuesday accepted an interim dividend of Rs 974 per fairness share of face worth of Rs 5 every for the monetary yr 2020-21. The interim dividend accepted by Majesco board is on the price of 19,480 per cent of the face worth of the corporate, Majesco mentioned in a inventory alternate submitting. Majesco’s dividend fee interprets to an quantity of Rs. 2,788.4 crore on a shareholder base of 28.57 million shares, the corporate mentioned in an alternate submitting.
The steadiness money reserves estimated at Rs. 103 crore might be distributed topic to board and regulatory approvals, Majesco added.
Majesco will go ex-dividend on December 23 and file date for dividend has been mounted at December 25. Earliest Dividend Payout might be finished on December 30, Majesco mentioned in an investor presentation.
Majesco in July this yr accepted sale of its whole stake in US subsidiary to personal fairness agency Thoma Bravo. Majesco offers insurance coverage software program options.
As of 1:19 pm, Majesco shares traded 2 per cent greater at Rs 993, outperforming the Sensex which was down 0.2 per cent.