Hinduja Global Solutions declares a special dividend of Rs. 150 per share and a 1:1 bonus issue

Process Management entity Hinduja Global Solutions has declared a special dividend of Rs. 150 per share. 

The company also announced a 1:1 bonus issue. The record date will be 29 January 2022. 

Earlier the company sold its health care business to the private equity firm Bearings for consideration of $ 1.20 billion. 

The post-tax benefit of this transaction would be Rs. 3,700 to 3,800 per share. The stakeholders have been expected a big amount as a special dividend. However, the company announced Rs. 150 dividends. This might create disappointment among the stakeholders. 

Today i.e., on Thursday the stock closed at Rs. 3,584 on NSE.