Majesco hits record high as Co's board approves interim dividend of Rs 974

Post monetisation of real estate, the Company will decide the best method for distribution of sale proceeds to shareholders, the company said.

Shares of Majesco hit a fresh record high of Rs 1,019, up 5 per cent on the BSE in early morning trade on Tuesday after the company said its board has approved payment of interim dividend at the rate of 19480 per cent i.e. Rs 974 per equity share of face value of Rs 5 each for the financial year 2020-21.

The company has fixed Friday, December 25, 2020, as the record date for ascertaining the eligibility of shareholders for payment of interim dividend. This interim dividend payout translates to an amount of Rs 2,788.4 crore on a shareholder base of