This Co. Declares 1:1 Bonus Issue And Rs. 150/ Share Third Interim Dividend

Dividends are highly enticing even though equity instruments should be bought for long term wealth creation and growth. Here is one company stock that has declared a good amount of dividend in its board meet held yesterday i.e. January 7, 2021.

The company which has declared this huge dividend - Hinduja Global

This software company headquartered in Bengaluru and runs BPO operations etc. The company in trade on January 7, 2021 after its board meet outcome is locked in 20% lower circuit at Rs. 2856.65.

Dividend amount and Record dateBoard of Directors of the Company at its meeting held today, declared third interim dividend of Rs. 150 per share (1500%) (on an equity share of par value of Rs. 10/- each) for the Financial year 2021-22 and fixed January 18, 2022 as the 'Record Date' for the payment of this dividend. Notably, this is the third dividend.

Hinduja Global also recommends bonus share issuance

Recommendation of issue of new Equity Bonus Shares in the proportion of 1 equity share of Rs 10/- 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.

Dividend payment date

The dividend will be paid to the eligible Shareholders/ Members on or before January 27, 2022.

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