Majesco Ltd board approves interim dividend of Rs. 974

The Board of Directors of Majesco Limited at its meeting held today i.e. December 15, 2020, has approved payment of interim dividend at the rate of 19480% i.e. Rs. 974/- per equity share of face value of Rs. 5/- each for the financial year 2020-21. This interim dividend payout translates to an amount of Rs. 2788.4 crore on a shareholder base of 28.577 million shares.

The balance cash reserves estimated at Rs. 103 crore will be distributed subject to board and regulatory approvals.

Shares of Majesco Ltd was last trading in BSE at Rs.973.6 as compared to the previous close of Rs. 987.85. The total number of shares traded during the day was 6509 in over 372 trades.

The stock hit an intraday high of Rs. 1000 and intraday low of 968. The net turnover during the day was Rs. 6382138.

Source : Equity Bulls

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