Majesco declares dividend: Anil Singhvi’s Super Exclusive interview of Majesco MD and Group CFO Farid Kazani
The Majesco MD and Group CFO said that announcing dividend of Rs 974 is an extremely proud moment for the company. Also, he said that this is a historic moment for the company and it is a big milestone. The business that the company sold and the amount generated via proceeds of that sale is completely been returned to the shareholders of the company in the form of Dividend. Company did buyback a while ago worth Rs 164 cr, shareholders who submitted their shares will get their money. Approximately Rs 2788 would be given by the way of Dividend to shareholders.
Management will ensure that the shareholders get the best return. Patience will get tested during tough times like these. Ideally management should be able to dispose of the real estate in next 9 to 12 months: Zee Business