Hexaware Technologies Limited has informed the Exchange that the Capital Issue Committee of the Board at its meeting held on March 02, 2011 considered and approved the allotment of bonus shares in the ratio of 1:1 as approved by the shareholders at the Extra-Ordinary General Meeting held on February 15, 2011. The total shares allotted are 14,55,45,781, based on the record date of February 25, 2011. The issued and paid up capital after the allotment of bonus shares stands increased to Rs. 58,21,83,124/- comprising of 29,10,91,562 shares of Rs. 2/- each.
It is expected that the Bonus Shares will be credit on or before 9th March, 2011.
Currently there are around 80000 shareholders and Market Price ex-bonus is hovering between Rs 54 – 55.
This could be good buy and in a year from now it can give you more than 30% return.
Hexaware already has given a 2 interim dividends of 30% and 50% and final dividend will be announced along with their Annual Report.