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Majesco shares trade ex-dividend, locked in 5% upper circuit

Majesco has fixed Friday, December 25, 2020, as record date for the purpose of payment of interim dividend

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Illustration: Ajay mohanty

SI Reporter Mumbai
Shares of Majesco were locked in 5 per cent upper circuit at Rs 12.20 on the BSE on Wednesday after the stock turned ex-interim dividend for Rs 974 per share today. On Tuesday, the stock closed at Rs 985.45 on the BSE.

Till 11:48 am, a combined 45,800 equity shares had changed hands and there were pending buy orders for 129 million shares on the BSE and NSE, the exchange data shows.

Majesco has fixed Friday, December 25, 2020 as record date for the purpose of payment of interim dividend.

The board of directors of Majesco, at