Hinduja Global tanks 20% as 1:1 bonus issue fails to cheer investors

The company's board also declared its third interim dividend of Rs 150 per share (1500 per cent) for FY22, and fixed January 18, 2022 as the "Record Date" for the payment of the same

Shares of Hinduja Global Solutions (HGS) were locked at the 20 per cent lower circuit at Rs 2,927.80 on the BSE in Friday’s trade on profit booking after the company announced 1:1 bonus share and an interim dividend of Rs 150 per share.

Till 09:30 am; a combined around 420,000 equity shares had changed hands and there were pending sell orders for 368,000 shares on the NSE and BSE. In comparison, the S&P BSE Sensex was up 0.7 per cent at 60,001.

The stock of the company engaged in Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) had