Markets

HCL Tech to consider bonus issue

R Yegya Narayanan Coimbatore | Updated on March 12, 2018

HCL Technologies Ltd has said that its board of directors will also decide on the issuance of bonus shares at its meeting later this month.

In a communication to the stock exchanges, the company said that its board of directors at its meeting from January 28 to January 30, 2015, apart from considering the unaudited financial results for the quarter ended December 31, 2014 and the payment of interim dividend, will also consider the issuance of bonus shares to its equity shareholders.

HCL Tech is the second IT major to consider bonus issue in recent weeks after Infosys which had come out with a 1:1 bonus issue.

Shares of HCL Tech were trading at Rs 1,692.95, up by Rs 53.95 or 3.29 per cent, on the NSE minutes after the trading began today.

Published on January 19, 2015

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