Markets info for Wednesday, Feb. 16

Our Bureau | Updated on February 16, 2011

Hexaware Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 16, has recommended a final dividend of Rs 1.40 per share (70%) , total dividend for 2010 of Rs. 3.00 per share (150%) as against Rs.1.40 per share (70%) for 2009.

The Company further informed that the bonus shares, approved by the shareholders in the EGM held on February 15, 2011, shall not be entitled to the final dividend of Rs. 1.40 per share. The shares are trading at Rs 116.05 rises 8.10 per cent on the BSE.

Mahindra & Mahindra Financial Services Ltd in a filing to the BSE has informed that the 'Qualified Institutions Placement Committee' of the Board of Directors of the Company at its Meeting held on February 15, 2011, has decided to open the issue of Equity Shares of the face value of Rs 10 each of the Company to Qualified Institutional Buyers under the Qualified Institutions Placement. The floor price as per SEBI’s pricing formula works out at Rs 672.75 per equity share.

Published on February 16, 2011

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