Hexaware Technologies Declares ₹5.75 (575%) Interim Dividend on ₹1 Face Value
Hexaware Technologies Limited has announced a substantial interim dividend of ₹5.75 per share, representing a 575% payout on a ₹1 face value share, delighting its investors. The company's board of directors approved this decision at a meeting held on April 4th, 2025.
Record Date Set for Dividend Eligibility: April 15th
According to regulatory filings, the record date for this interim dividend is April 15th, 2025. Investors whose names appear in the company's register or depository records on or before this date will be eligible to receive the dividend. The dividend payment will be disbursed on April 23rd, 2025.
Mixed Market Response
BSE data indicates that Hexaware Technologies' market capitalization stood at ₹39,879.96 crore by Friday. The share opened 5.3% higher on Friday at ₹683.60 compared to the previous closing price, but ended the day down 4%, closing at ₹656.25, a decrease of ₹27.35.
Record-Breaking IPO: India's Largest IT Public Issue
The company's ₹8,750 crore Initial Public Offering (IPO) generated significant buzz in the Indian market. Hexaware's IPO received an overwhelming response, with bids exceeding 24.28 crore shares compared to the offered 9.14 crore shares. This became the largest IPO in India's IT sector, surpassing TCS's ₹4,700 crore public issue from two decades ago.
Investor Concerns Remain
Hexaware Technologies is a leading provider of IT consulting, software development, and BPO services. The company aims to enhance client business efficiency through innovation.
