News > Hinduja Global shares drop most in 14 years on dividend disappointment

Hinduja Global shares drop most in 14 years on dividend disappointment

Times of India | 07/01/2022 11:15 PM | Click to read full article

Shares of Hinduja Global Solutions (HGS) sank 20 per cent on Friday in their worst intraday fall in 14 years, with analysts saying a special dividend announced by the company after the sale of its healthcare business missed investor expectations.

"The investor community expected the dividend to be much larger after such a big deal, so there is disappointment on that front," said Anita Gandhi, director at Arihant Capital Markets.